Jul 20
2009
Price of FCPO expected to trade sideways with a bullish bias
Filed Under (Finance Help) by Admin on 20-07-2009
The price of FCPO (Crude Palm Oil Futures on Bursa Malaysia) continues to fall as I have expected in the past one month but fell lower than expected. There is a technical support level between the price range of between RM2,100 and RM2,200 per metric ton but the FCPO went as low as RM1,990 from RM 2,400. The price rebounded and is now at RM2,020. However, the market did rebound temporarily from
Until recently it was almost always assumed that renting meant throwing away money. The