The price of CPO in Malaysia commodity exchanges on trading Friday afternoon was observed to rise. CPO price hike this afternoon triggered with the weakening of ringgit against US dollar and the rising of crude oil prices. On this afternoon observed US dollar strengthened against the ringgit, the pair rose up to 4.01110.
CPO futures price movements seem at the next trade potentially strengthened by the potential weakening ringgit. CPO futures contract prices on commodity exchanges in October 2016 Malaysia has the potential to test the resistance level at 2,570 ringgit and 2,620 ringgit. While the level of support that will be tested if prices decline in a position 2,470 ringgit and 2,420 ringgit.