There was a news report from Reuters quoted production of crude palm oil in March up 48% yesterday. Judging on the figures, the MPOB official supply and demand figures will have a sharp increase on the end stock more than 1.8 million tons when it is released next week. What is the game plan? As this is just a fundamental news, we are just sharing it without further comments.
FCPO short 2165 using the indicator Y is still hovering around its selling price with no stop and reverse buy trade signal available for readers traders to digest.
FKLI long 1779.5 will have its stop and reverse sell trade signal available in this CPO Futures blog if the index futures price can trade near yesterday's low 1818.