The Crude Palm Oil Futures Closing
Author: Admin | Filed under: Palm Oil Futures ClosingBURSA MALAYSIA
Tuesday, July 24, 2007
Source from The Star
The Crude Palm Oil Futures Closing: Monday, July 23, 2007
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
Vol |
O.P |
|
AUG 07 |
2575 |
2580 |
2570 |
2579 |
612 |
5882 |
|
SEP 07 |
2522 |
2524 |
2512 |
2518 |
970 |
29760 |
|
OCT 07 |
2482 |
2490 |
2472 |
2480 |
3582 |
14362 |
|
NOV 07 |
2455 |
2460 |
2446 |
2452 |
480 |
5787 |
|
DEC 07 |
- |
- |
- |
2438 |
- |
430 |
|
JAN 08 |
2418 |
2418 |
2418 |
2428 |
20 |
1861 |
|
MAR 08 |
2386 |
2394 |
2386 |
2394 |
40 |
961 |
|
MAY 08 |
2378 |
2380 |
2378 |
2380 |
30 |
926 |
|
JUL 08 |
2362 |
2368 |
2362 |
2364 |
50 |
762 |
|
SEP 08 |
- |
- |
- |
2357 |
- |
557 |
|
NOV 08 |
- |
- |
- |
2350 |
- |
280 |
|
JAN 09 |
2280 |
2280 |
2270 |
2300 |
60 |
475 |
|
MAR 09 |
2270 |
2270 |
2770 |
2300 |
10 |
304 |
|
MAY 09 |
- |
- |
- |
2300 |
- |
65 |
|
JUL 09 |
- |
- |
- |
2300 |
- |
- |
|
|
|
|
|
|
Total Open Position |
: 62,412 ctrs |
|
|
Total Turnover |
: 5,854 lots |
|
|
Market Tone |
: Lower |
|
|
|
|
The Palm Kernel Oil Futures
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
VOL |
O.P |
|
AUG 07 |
- |
- |
- |
3061 |
- |
- |
|
SEP 07 |
- |
- |
- |
3061 |
- |
- |
|
OCT 07 |
- |
- |
- |
3061 |
- |
- |
|
NOV 07 |
- |
- |
- |
3061 |
- |
- |
|
DEC 07 |
- |
- |
- |
3061 |
- |
- |
|
|
|
|
|
|
Total Open Position |
: Nil |
|
|
Total Turnover |
: Nil |
|
|
|
|
FURTHER surge in the Ringgit exchange rates is depressing optimism in the CPO futures, keeping movement range bound for most part of the day with thin activity. The October delivery contract slipped RM26 to end at RM2,480/MT.
The actively-traded October delivery contract dip to retest the staunch support at RM2,478/MT in the early session, fuelled by weakness in the aftee-hours Soyoil futures. However, short-term oversold technical conditions have temporarily prevented further price slippage below the RM2,480/MT support level in the late session, inspiring a mild price recovery. The market sentiment locked in a cautious mode ahead of the Wednesday export figures, optimistic gains fom here will likely be limited by the overhead resistance level at RM2,493/97/MT and the staunch RM2,500/MT resistance. The CPO futures needs a much stronger fundamental reasons to power above the key RM2,500/MT psychological level for now.
