The Crude Palm Oil Futures Closing
PALM OIL PRICES ON BURSA MALAYSIA
Wednesday, February 27, 2008
Source from The Star
The Crude Palm Oil Futures Closing: Tuesday, 26 February 2008
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
Vol |
O.P |
|
MAR 08 |
3833 |
3850 |
3753 |
3781 |
173 |
2181 |
|
APR 08 |
3897 |
3899 |
3760 |
3795 |
1295 |
14040 |
|
MAY 08 |
3900 |
3903 |
3760 |
3792 |
6601 |
16358 |
|
JUN 08 |
3897 |
3897 |
3760 |
3792 |
698 |
4116 |
|
JUL 08 |
- |
- |
- |
3792 |
- |
1853 |
|
AUG 08 |
3801 |
3801 |
3800 |
3792 |
10 |
75 |
|
SEP 08 |
- |
- |
- |
3792 |
- |
1356 |
|
NOV 08 |
- |
- |
- |
3757 |
15 |
1203 |
|
JAN 09 |
- |
- |
- |
3737 |
21 |
1295 |
|
MAR 09 |
- |
- |
- |
3697 |
35 |
793 |
|
MAY 09 |
- |
- |
- |
3697 |
- |
315 |
|
JUL 09 |
- |
- |
- |
3697 |
- |
270 |
|
SEP 09 |
- |
- |
- |
3697 |
- |
215 |
|
NOV 09 |
- |
- |
- |
3729 |
- |
70 |
|
JAN 10 |
- |
- |
- |
3741 |
- |
20 |
|
|
|
|
|
|
Total Open Position |
: 44,160 ctrs |
|
|
Total Turnover |
: 8,777 lots |
|
|
Market Tone |
: Lower |
|
|
|
|
The Palm Kernel Oil Futures
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
VOL |
O.P |
|
JAN 08 |
- |
- |
- |
4159 |
- |
- |
|
FEB 08 |
- |
- |
- |
4159 |
- |
- |
|
MAR 08 |
- |
- |
- |
4159 |
- |
- |
|
APR 08 |
- |
- |
- |
4159 |
- |
- |
|
MAY 08 |
- |
- |
- |
4159 |
- |
- |
|
JUN 08 |
- |
- |
- |
4159 |
- |
- |
|
JUL 08 |
- |
- |
- |
4159 |
- |
- |
|
|
|
|
|
|
Total Open Position |
: Nil |
|
|
Total Turnover |
: Nil |
|
|
|
|
THE over-stretched CPO futures finally retreated from fresh record-high on heavy profit-taking inspired selling momentum. Traders felt the the recent relentless mad dash to the upside is now slightly overdone. The May delivery contract skidded RM74 to settle the day at RM3,792/MT.
The actively traded May delivery contract reversed early session’s gains on technically and profit-taking led selling momentum across the board. Many pre-placed stop-sell orders were set off below the RM3,832/MT level resulting in many long positions being liquidated on the way down. A successful breach of the RM3,757/MT support level in the coming sessions would be extremely damaging to the late-bulls because this would attract extended negative momentum towards the neares downside objective at RM3,705/MT.
