Monday, 9 December 2013

Wilmar And the 45%

USD$50 Billion annual trade in palm oil industry is 45% controlled by Wilmar which means the USD$22.5 Billion in palm oil annual trade in this Singapore-listed stock that may have deep impact to all palm oil futures traders!?

News on its pledge to a ‘no deforestation, no peat, no exploitation’ policy, had finally out and if implemented fully, will probably become the industry standard for sustainable plantation expansion and palm oil trading but will it affect the futures trading on Bursa Malaysia Derivatives!?

Just do a google search on Wilmar news and traders should be able to find its new commitment.

Today, the hourly key indicator stop and reverse sell signals will be in the range of 2643 to 2639; or else, hold on the long 2649.