Aug 17
2009
FCPO analysis - RM 2,800 again?
Filed Under (Finance Help) by Admin on 17-08-2009
A month ago, I have expected the price of FCPO in Bursa Malaysia to have a bullish bias and test the resistance level of RM2,300 per metric ton because that was the long term 90-day average. The price then was RM 2,020. After facing some resistance at RM 2,340, the price of FCPO continue to climb and went as high as RM2,515 one day before this article is written. The price of FCPO pulled back to
