Showing posts with label production. Show all posts
Showing posts with label production. Show all posts

Monday, 18 October 2010

18oct2010 - 5pm Buy if at 2946 or higher.

Hourly cpo remain at 2934, it will only turn buy if 5pm at 2946 or higher which seems difficult to reach at 5pm with market sentiment on higher production figure.

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
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