The Crude Palm Oil Futures Closing
PALM OIL PRICES ON BURSA MALAYSIA
Monday, December 31, 2007
Source from The Star
The Crude Palm Oil Futures Closing: Friday, 28 December, 2007
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
Vol |
O.P |
|
JAN 08 |
3116 |
3130 |
3104 |
3111 |
501 |
3263 |
|
FEB 08 |
3114 |
3140 |
3114 |
3118 |
796 |
9155 |
|
MAR 08 |
3115 |
3141 |
3110 |
3125 |
3990 |
17287 |
|
APR 08 |
3115 |
3129 |
3101 |
3115 |
680 |
3000 |
|
MAY 08 |
3115 |
3120 |
3090 |
3100 |
26 |
1091 |
|
JUN 08 |
3115 |
3115 |
3105 |
3105 |
84 |
12 |
|
JUL 08 |
3100 |
3110 |
3095 |
3104 |
34 |
1024 |
|
SEP 08 |
- |
- |
- |
3085 |
- |
651 |
|
NOV 08 |
- |
- |
- |
3124 |
- |
366 |
|
JAN 09 |
- |
- |
- |
3145 |
- |
1159 |
|
MAR 09 |
- |
- |
- |
3089 |
- |
732 |
|
MAY 09 |
- |
- |
- |
3067 |
- |
315 |
|
JUL 09 |
- |
- |
- |
3067 |
- |
260 |
|
SEP 09 |
- |
- |
- |
3057 |
- |
205 |
|
NOV 08 |
- |
- |
- |
3057 |
- |
- |
|
|
|
|
|
|
Total Open Position |
: 38,520 ctrs |
|
|
Total Turnover |
: 6,111 lots |
|
|
Market Tone |
: Higher |
|
|
|
|
The Palm Kernel Oil Futures
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
VOL |
O.P |
|
JAN 08 |
- |
- |
- |
3555 |
- |
- |
|
FEB 08 |
- |
- |
- |
3555 |
- |
- |
|
MAR 08 |
- |
- |
- |
3555 |
- |
- |
|
APR 08 |
- |
- |
- |
3555 |
- |
- |
|
MAY 08 |
- |
- |
- |
3555 |
- |
- |
|
JUN 08 |
- |
- |
- |
3555 |
- |
- |
|
JUL 08 |
- |
- |
- |
3555 |
- |
- |
|
|
|
|
|
|
Total Open Position |
: Nil |
|
|
Total Turnover |
: Nil |
|
|
|
|
SUCCUMBED to late profit-taking selling pressure, CPO futures trimmed gains made in the early session. The March delivery contract added RM28 to settle at RM3,125/MT.
Traders scrambled to cover long positions in the active March delivery contract after the market failed to extend strenght to retest the record-high level established yesterday - at RM3,150/MT. This sudden reversal has resulted in many late buying positions being liquidated below the RM3,130/MT minor support level. This sell down has created a minor down drift pinning prices to trade near the next RM3,102/MT moderate support level.
The immediate intervening lower support levels are found at the RM3,098/MT (gap support) and moderate RM3,079/MT will extend bearish momentum towards the RM3,035/MT objective.
