The Crude Palm Oil Futures Closing
Author: Admin | Filed under: Palm Oil Futures ClosingBURSA MALAYSIA
Wednesday, November 14, 2007
Source from The Star
The Crude Palm Oil Futures Closing: Tuesday, 13 November, 2007
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
Vol |
O.P |
|
NOV 07 |
2930 |
2933 |
2890 |
2910 |
109 |
5927 |
|
DEC 07 |
2915 |
2944 |
2894 |
2910 |
1715 |
8078 |
|
JAN 08 |
2912 |
2957 |
2900 |
2924 |
9889 |
12491 |
|
FEB 08 |
2905 |
2955 |
2899 |
2920 |
3737 |
8834 |
|
MAR 08 |
2902 |
2954 |
2900 |
2916 |
2040 |
5235 |
|
APR 08 |
2930 |
2940 |
2915 |
2916 |
106 |
397 |
|
MAY 08 |
2940 |
2940 |
2915 |
2909 |
76 |
1328 |
|
JUL 08 |
- |
- |
- |
2883 |
- |
1021 |
|
SEP 08 |
- |
- |
- |
2878 |
- |
594 |
|
NOV 08 |
- |
- |
- |
2824 |
- |
366 |
|
JAN 09 |
- |
- |
- |
2860 |
- |
1159 |
|
MAR 09 |
- |
- |
- |
2820 |
- |
652 |
|
MAY 09 |
- |
- |
- |
2820 |
- |
265 |
|
JUL 09 |
- |
- |
- |
2820 |
- |
190 |
|
SEP 09 |
- |
- |
- |
2810 |
- |
140 |
|
|
|
|
|
|
Total Open Position |
: 41,342 ctrs |
|
|
Total Turnover |
: 17,672 lots |
|
|
Market Tone |
: Higher |
|
|
|
|
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 |
- |
- |
- |
- |
- |
- |
|
APR 08 |
- |
- |
- |
- |
- |
- |
|
MAY 08 |
- |
- |
- |
- |
- |
- |
|
JUL 08 |
- |
- |
- |
- |
- |
- |
|
SEP 08 |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
Total Open Position |
: Nil |
|
|
Total Turnover |
: Nil |
|
|
|
|
A mild recovery in the crude oil futures from the overnight slump has provided temporary lift to the CPO future for most part of the session. The active January delivery contract added RM5 to end at RM2,924/MT.
Moreover, a recovery in the after hours soyoil futures also helped to support prices in the active January delivery contract. The market is tracking the energy futures very closely lately. And sentiment still looks positive so long as the market be able to maintain its stance above the critical support at the RM2,881/MT level in the near-term.
However, for the immediate-term the market is searching for a stronger reason to reclaim loss territory on the upside. The immediate overhead resistance levels lies at RM2,960/MT and good reliable support tested is at the RM2,920/MT level.
