The Crude Palm Oil Futures Closing
Author: Admin | Filed under: Palm Oil Futures ClosingBURSA MALAYSIA DERIVATIVES BHD
Tuesday, November 13, 2007
Source from The Star
The Crude Palm Oil Futures Closing: Monday, 12 November, 2007
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
Vol |
O.P |
|
NOV 07 |
2978 |
2978 |
2925 |
2925 |
30 |
807 |
|
DEC 07 |
2975 |
2991 |
2922 |
2916 |
1059 |
8179 |
|
JAN 08 |
2990 |
3001 |
2919 |
2919 |
7196 |
13060 |
|
FEB 08 |
2995 |
3001 |
2919 |
2919 |
3277 |
9053 |
|
MAR 08 |
2990 |
2995 |
2915 |
2915 |
940 |
5164 |
|
APR 08 |
2975 |
2988 |
2933 |
2915 |
92 |
352 |
|
MAY 08 |
2975 |
2981 |
2915 |
2908 |
160 |
1328 |
|
JUL 08 |
- |
- |
- |
2882 |
- |
1021 |
|
SEP 08 |
- |
- |
- |
2877 |
- |
594 |
|
NOV 08 |
- |
- |
- |
2823 |
- |
366 |
|
JAN 09 |
2900 |
2900 |
2840 |
2820 |
60 |
1139 |
|
MAR 09 |
2865 |
2880 |
2865 |
2780 |
120 |
572 |
|
MAY 09 |
2865 |
2870 |
2865 |
2780 |
100 |
285 |
|
JUL 09 |
2865 |
2870 |
2860 |
2780 |
150 |
110 |
|
SEP 09 |
2864 |
2864 |
2860 |
2770 |
90 |
50 |
| Total Open Position | : 42,080 ctrs | |
| Total Turnover | : 13,274 lots | |
| Market Tone | : Lower | |
The Palm Kernel Oil Futures
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
VOL |
O.P |
|
NOV 07 |
- |
- |
- |
3206 |
- |
- |
|
DEC 07 |
- |
- |
- |
3206 |
- |
- |
|
JAN 08 |
- |
- |
- |
3206 |
- |
- |
|
FEB 08 |
- |
- |
- |
3206 |
- |
- |
|
MAR 08 |
- |
- |
- |
3206 |
- |
- |
|
APR 08 |
- |
- |
- |
3206 |
- |
- |
|
MAY 08 |
- |
- |
- |
3206 |
- |
- |
|
JUL 08 |
- |
- |
- |
3206 |
- |
- |
|
SEP 08 |
- |
- |
- |
3206 |
- |
- |
| Total Open Position | : Nil | |
| Total Turnover | : Nil | |
Weak October export-data and mild profit-taking led selling pressure pressed the CPO futures lower as investors decided to reduce risk from the market. The January delivery contract sank RM71 to settle at RM2,919/MT.
The market is tracking closely to the crude oil price trend lately and investors are expecting the Crude oil futures to test the US$100/barrel mark this week. This will keep the CPO futures well supported despite the setback seen yesterday. Reliable support at the RM2,882/MT level (in the January delivery contract) should be able to stall the current price slippage.
Yesterday’s retreat seems to be a healthy technically-inspired pullback targeting the immediate critical support levels at RM2,881/MT. Only a strong convincing break of this critical support will extend the pullback further. However, the overall uptrend remained intact for now.
