Oct 13
2009
Crude Palm Oil: Correction may soon be over, time to rebound and rally
Filed Under (Finance Help) by Admin on 13-10-2009
In my article last month, I mentioned that the price of Crude Palm Oil Futures (FCPO) in Bursa Malaysia which was at RM 2,145 per metric ton at that time may only find support between RM2,000 and RM2,050. The price of FCPO fell to a low of RM2,013 on October 6 and rebounded to close at RM2,085 on October 9. With this close, the price of FCPO fell RM94 or 4% from a month ago. I also mentioned that
