Friday 15 October 2010

15oct2010 - remain sell 2934 unless 5pm 2955 or higher.

Hourly CPO buy if 5pm only at 2955 or higher. It remains sell at 2934 even SGS Export 606k MT is better than ITS or Intertek. Today Budget day - Next year''s crude palm oil production may rise 3.4% to 18.4 million tons on improving yields, increased mature areas in major palm producing states Sabah, Sarawak. Government forecasts Malaysia GDP growth at 7% In 2010, 5%-6% in 2011