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The Crude Palm Oil Futures Closing: Thurday, June 28, 2007

BURSA

MALAYSIA DERIVATIVES BHD
Friday, June 29, 2007
Source from The Star

The Crude Palm Oil Futures Closing: Thurday, June 28, 2007

(Prices are in RM/tonne)

MONTH

OPEN

HIGH

LOW

SETT

Vol

O/P

JUL 07

2460

2485

2451

2480

842

4072

AUG 07

2359

2412

2358

2402

2673

37157

SEP 07

2340

2383

2323

2383

6956

27494

OCT 07

2310

2365

2305

2365

1539

3709

NOV 07

2315

2350

2310

2355

51

5122

DEC 07

2320

2370

2320

2345

15

91

JAN 08

2325

2335

2325

2330

12

1161

MAR 08

2305

2325

2305

2325

12

784

MAY 08

2300

2300

2300

2294

20

566

JUL 08

2300

2300

2300

2294

20

557

SEP 08

2240

2310

2240

2294

55

457

NOV 08

-

-

-

2300

-

236

JAN 09

-

-

-

2300

-

295

MAR 09

-

-

-

2300

-

279

MAY 09

-

-

-

2300

-

40

 

Total Open Position

: 82,020 ctrs

 

Total Turnover

: 12,195 lots

 

Market Tone

: Higher

The Palm Kernel Oil Futures

(Prices are in RM/tonne)

MONTH

OPEN

HIGH

LOW

SETT

LOTS

O/P

JUL 07

-

-

-

2965

-

-

AUG 07

-

-

-

2965

-

-

SEP 07

-

-

-

2965

-

-

OCT 07

-

-

-

2965

-

-

NOV 07

-

-

-

2965

-

-

DEC 07

-

-

-

2965

-

-

JAN 07

-

-

-

2965

-

-

MAR 07

-

-

-

2965

-

-

MAY 07

-

-

-

2965

-

-

 

Total Open Position

: Nil

 

Total Turnover

: Nil


Uncertainty continued to surround the CPO futures traders as most traders are sidelined waiting for next week’s demand/supply data for trading leads. However, late session’s speculative and technical-related buying interests lifted the active September delivery contract higher by RM49 to finish at RM2,383/MT.

Oversold short-term technical condition has finally set off a technical rebound above the RM2,362 level for the actively traded September delivery contract. However, the absence of fresh supportive news is expected to limit potential gains towards the moderate resistance at RM2,387/MT for now. Only movement above this level will encourage extended upside probes towards the key resistance leve at RM2,408/MT and RM2,500/MT.



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