CPO commodity Fundamental Analysis

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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.

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The price of CPO in Malaysia commodity exchanges in trading Monday afternoon was observed to rise. Strengthening this afternoon CPO pushed the price because of the Crude Oil price.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in October 2016 which is the most active contract rose as much as 79 ringgit, or 3.03 percent and traded at 2,604 ringgit per tonne.

It estimated that the price movement of CPO futures at the next trade potential to strengthen the potential of strengthening crude oil prices. CPO futures contract prices on commodity exchanges in October 2016 Malaysia has the potential to test the resistance level at 2,650 ringgit and 2,700 ringgit. While the level of support that will be tested if prices decline in a position of 2,600 ringgit and 2,550 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Tuesday afternoon was observed to fall. A weaker CPO prices this afternoon triggered strengthening by Ringgit exchange rate against US dollar and weaker crude oil prices.  The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request.

 

For the moment it is estimated that the price movement of CPO futures at the next trade may decline with the potential for strengthening ringgit. The price movement can also be influenced by global supply and demand conditions.  CPO futures contract prices on Malaysia commodity exchanges September 2016 has the potential to test support level at 2,510 ringgit and 2,460 ringgit. While the level of resistance to be tested if there was a strengthening at 2,610 ringgit and 2,660 ringgit.

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The price of CPO in Malaysia commodity exchanges observed to rise in trading Wednesday afternoon. CPO price hike this afternoon because the weakening ringgit against US dollar. The weakening ringgit makes the price of commodities traded has become relatively cheaper for overseas buyers so that demand is increasing.

 

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 58 ringgit and traded at 2,597 ringgit per tonne.

 

It seems that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit. Prices could potentially test the resistance level at 2,650 ringgit. While the level of support that will be tested if prices decline is 2,500 ringgit.

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The price of CPO in Malaysia commodity exchanges observed higher on Friday afternoon. CPO price hike this afternoon supported the weakening ringgit against the US dollar. On this afternoon observed the US dollar strengthened against the ringgit. Observed a couple dollars-Malaysia's ringgit rose 0.26% at 4.0070.

 

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 40 ringgit, or 1.6 percent and traded at 2,616 ringgit per tonne.

 

 

CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the resistance level at 2,650 ringgit positions and 2,700 ringgit. While the level of support that will be tested if prices decline in a position 2,550 ringgit and 2,500 ringgit.

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The decline in crude oil prices to trigger negative sentiment that makes CPO price in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request.

CPO price most active contract on the commodity exchanges Malaysia today seems weakened November 2016 contract price which is the most active contract fell by -19 ringgit or 0.7 percent and traded at 2,559 ringgit per tonne. It is estimated that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. Price movements can also be affected by currency movements Ringgit and the global supply and demand conditions.

CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the support level at 2,510 ringgit. While the level of resistance to be tested if there was a strengthening will be at 2,610 ringgit.

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The price of CPO in Malaysia commodity exchanges observed a slight increase in trading Tuesday afternoon (23/08). CPO price hike this afternoon supported the weakening ringgit against US dollar. The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose by 2 ringgit or 0.08 percent and traded at 2,545 ringgit per tonne.

It estimated that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit while there is potential for the price to test the resistance level at 2,600 ringgit. While the level of support that will be tested if prices decline is 2,500 ringgit and 2,450 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Wednesday afternoon (24/08). CPO price hike this afternoon triggered CPO supply deficit forecasts. Sime Darby Bhd, a Malaysian palm oil plantation companies are the largest in the world, said crude palm oil production may decline 10 percent in fiscal year 2017 on the back of an El Nino weather patterns that destroy crops.

 

The phenomenon that brings heat in Southeast Asia, has reduced oil results in the farmer on Indonesia and Malaysia. This is expected to lower the global palm oil supply by 2 million tons in 2016.

 

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 24 ringgit, or 0.9 percent and traded at 2,602 ringgit per tonne.

 

CPO futures prices in the estimate will move higher with sentiment forecast supply deficit. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the resistance level at 2,650 ringgit. While the level of support that will be tested if prices decline is at 2,550 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Thursday afternoon (25/08) observed weak. The drop in CPO prices this afternoon triggered strengthening Ringgit exchange rate against US dollar and weaker crude oil prices. Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases.

 

The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract on Malaysia bourse today seems weakened. The November 2016 contract price which is the most active contract ringgit depreciated by -42 or -1.6 percent and traded at 2,558 ringgit per tonne.

 

CPO futures prices at the next trade may decline with the potential for strengthening ringgit. Price movements can also be affected by movements in crude oil prices, global demand and supply conditions. CPO futures contract prices has the potential to test the support level at 2,510 ringgit. While the level of resistance to be tested if there was a strengthening in a position 2,610 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Friday (26/08) was observed to fall. A weaker CPO prices this afternoon triggered by weakening of crude oil in the Asian trading session. The decline in crude oil prices to trigger negative sentiment that makes CPO price in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request.

 

Crude oil prices dipped in early trade on Friday (26/08) in the Asian session with fading hopes of freezing production after Saudi Arabia's energy minister insisted there was strong market intervention is required by the manufacturer during talks next month. CPO price most active contract on the commodity exchanges Malaysia today seems weakened by -13 ringgit or -0.5 percent and traded at 2,548 ringgit per tonne.

 

Therefore, it is estimated that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. Price movements can also be affected by currency movements Ringgit and the global supply and demand conditions. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the support level at  2,500 ringgit . While the level of resistance to be tested if there was a strengthening at 2,600 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (29/08). CPO price hike this afternoon supported the weakening ringgit against the US dollar. Observed Ringgit currency weakened against the US dollar. USDMYR exchange rate rose 0.50 percent at 4.0370.

 

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing.CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 8 ringgit or 0.3 percent and traded at 2,560 ringgit per tonne.

 

It estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening Ringgit depressed dollar weakness after hawkish Fed official statement confirming expectations of US rate hike.

 

CPO futures contract prices on commodity exchanges for November 2016 Malaysia has the potential to test resistance at 2,610 ringgit. While the support level will be tested if prices decline to 2,510 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (29/08). CPO price hike this afternoon supported the weakening ringgit and rising crude oil prices Asian session. Observed Ringgit currency weakened against the US dollar. Couple USDMYR exchange rate rose 0.10 percent at 4.0493.

 

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. The increase in CPO prices also underpinned the rise in crude oil in the Asian trading session.

 

Crude oil futures prices rose in Asian trade on Tuesday (30/08) as the US dollar reduces its earlier gains, but doubts that producers will be able to approve a freeze of production continues to drag the price. The contract price of November 2016 which is the most active contract rose as much as 23 ringgit, or 0.9 percent and traded at 2,540 ringgit per tonne.

 

It could be argued that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit.  CPO futures contract prices on Malaysia commodity exchanges November 2016 has the potential to test the resistance level at 2,590 ringgit, while the level of support that will be tested if prices decline to 2,490 ringgit.

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By the end of holiday commemorating Independence Day of Malaysia. The price of CPO in Malaysia last commodity exchanges yesterday afternoon, Tuesday (30/08) finished up. The increase in CPO prices supported the weakening ringgit and rising crude oil prices on Asian session. For further CPO trade, it is necessary to observe the driving sentiment CPO.

Analyst predicted that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the resistance level at 2,580 ringgit position. While the level of support that will be tested if prices decline is exactly at 2,480 ringgit.

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CPO price in Malaysia commodity exchanges tracked down on Thursday afternoon (01/09) reached the lowest level in almost three weeks. The weakening of CPO prices following the weakening of soybean oil as a rival. Traders also said oil declined due to reduced supply tightening, despite strong export data from cargo surveyors on the previous day.

Soybean oil prices fell on market expectations for a record US crop next harvest. Chicago Board of Trade soybean oil December contract fell 0.4%. Exports of palm oil products rose for the full month of August, rose around 27.3% from the previous month on a surge in demand for India, showing data from cargo surveyor Intertek Testing Services. 

CPO price most active contract on the commodity exchanges Malaysia today seems weakened. The contract price of November 2016 which is the most active contract fell by -24 ringgit or 1.00 percent and traded at 2,502 ringgit per tonne.

It looks like the price of CPO futures at the next trade will weaken the ringgit because of the strengthening potential with an estimated dollar weakness if US manufacturing data tonight realized decreased. Resistance levels which will be tested if the price increase is at 2,550 ringgit

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The price of CPO in Malaysia observed commodity exchanges rose on Friday afternoon (02/09). CPO price hike this afternoon supported the weakening ringgit and rising crude oil prices Asian session. Observed Ringgit currency weakened against the US dollar. USDMYR exchange rate rose 0.16 percent at 4.0860.The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing.

 

The increase in CPO prices also underpinned the rise in crude oil in the Asian trading session. Crude oil prices rose in Asian trade on Friday (02/09) after a loss of more than 3 percent a day earlier, with investors cautious ahead of key US jobs data that will help gauge the health of the economy.

 

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 48 ringgit, or 1.9 percent and traded at 2,568 ringgit per tonne. It estimated that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (05/05). CPO price hike this afternoon encouraged an increase in demand and a decline in CPO inventory. Demand strong pre-festival of India and China, Malaysia's palm oil exports in August rose 26.9% from the previous month, based on estimates from cargo surveyor SGS and ITS. The increase on a monthly basis on exports higher than projected earlier CIMB with a 5% increase. Chinese demand, in particular, encouraged by the government to stop the release of strategic oil reserves, he added.

 

Meanwhile, the El Nino weather phenomenon seen earlier this year continue to impact on Malaysian palm oil production, which rose 5.4% in the months of August - much lower than the five-year average increase in August of 6.4%, the report said. CIMB had expected production to be up approximately 8% MoM in August.

 

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 51 ringgit, or 2.0 percent and traded at 2,646 ringgit per tonne.

 

It estimated that the CPO price movements on the futures trading sentiment further potential to strengthen the forecast increase in demand and decrease in supply. However, it should be observed increase in Ringgit against US dollar, which if continued would push the price of CPO. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the resistance level at 2,700 ringgit. While the level of support that will be tested if prices decline is at 2,600 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Tuesday afternoon (06/09). CPO price hike this afternoon supported by the weakening ringgit and rising crude oil prices Asian session. Observed Ringgit currency weakening against US dollar. USDMYR exchange rate strengthened 0.1 percent to 4.0763.

 

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. The increase in CPO prices also underpinned the rise in crude oil in the Asian trading session. Crude oil prices extended gains in Asian trade on Tuesday (09/06), supported the deal a major producer Russia and Saudi Arabia to cooperate in stabilizing the oil market, but the lack of measures to control the output gains.

 

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose by 4 ringgit or 0.2 percent and traded at 2,648 ringgit per tonne. CPO futures for the next trade potentially strengthened by the potential weakening ringgit. While the level of support that will be tested if prices decline is at 2,600 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Wednesday afternoon (07/09) was observed to fall. A weaker CPO prices this afternoon triggered strong Ringgit exchange rate against the US dollar. On this afternoon observed the weakening US dollar against the ringgit. Couple USDMYR rate 0.50 percent weaker at 4.0615.Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases.

 

CPO price most active contract on the commodity exchanges Malaysia today seems weakened November 2016 contract price which is the most active contract ringgit depreciated by -21 and traded at 2,608 ringgit per tonne. Analys estimates that the price movement of CPO futures at the next trade will weaken with the potential strengthening of the ringgit. Price movements can also be affected by movements in crude oil prices and global demand and supply conditions.

 

CPO futures contract prices on commodity exchanges in October 2016 Malaysia has the potential to test the support level at 2,550 ringgit and then 2,500 ringgit. While the level of resistance to be tested if there was a strengthening is at 2,650 ringgit and then towards 2,700 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Thursday afternoon (08/09) was observed to fall. A weaker CPO prices this afternoon triggered by Ringgit strong exchange rate against US dollar.

 

On this afternoon observed the weakening US dollar against ringgit where USDMYR rate is 0.20 percent weaker at 4.0530. Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases.

 

CPO price most active contract on the commodity exchanges Malaysia today seems weakened November 2016 contract price which is the most active contract fell by -2 ringgit of -0.1 percent and traded at 2,596 ringgit per tonne. It estimated that the price movement of CPO futures at the next trade will weaken with the potential strengthening of ringgit. 

 

Price movements can also be affected by movements in crude oil prices and global demand and supply conditions. CPO futures contract prices on commodity exchanges in October 2016 Malaysia has the potential to test the support level at 2,550 ringgit. While the level of resistance to be tested if there was a strengthening is at 2,650 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Friday afternoon (09/09). CPO price hike this afternoon supported the weakening ringgit against the US dollar. Observed Ringgit currency weakened against the US dollar where USDMYR rose 0.56 percent to 4.0635. The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing.

 

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 23 ringgit, or 0.9 percent and traded at 2,632 ringgit per tonne. Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit.

 

CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the resistance level at 2,680 ringgit and 2,730 ringgit. While the level of support that will be tested if prices decline is at 2,580 ringgit and then to 2,530 ringgit.

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The price of CPO in Malaysia commodity exchanges on Tuesday (13/09) was observed to fall. A weaker CPO prices this afternoon triggered by weakening of crude oil on Asian trading session.

 

Crude oil prices fell in early trading on Tuesday in the Asian session amid fears of rising drilling in the United States and as investors took profits after oil prices rose close to 1 percent in the previous session.

 

US crude oil futures price of West Texas Intermediate fell 41 cents, or 0.9 percent, at $ 45.88 per barrel. Brent crude futures traded at $ 47.98 per barrel and down 34 cents, or 0.7 percent, from their last settlement. The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. 

 

It estimated that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. Price movements can also be affected by currency movements Ringgit and the global supply and demand conditions.

 

CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test support level at 2,560 ringgit. While the level of resistance to be tested if there was a strengthening at 2,660 ringgit and 2,710 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Wednesday (14/09) was observed to fall. A weaker CPO prices this afternoon triggered a decline in exports and an increase in Malaysia producing plant. Data from the Malaysian Palm Oil Board (MPOB) show while exports surged 30.9 percent. Meanwhile, production is expected to show a seasonal increase in September and October.

 

A Reuters poll found that the production is expected to rise 9.7 percent to 1.74 million tons and CPO price most active contract on the commodity exchanges Malaysia today seems weakened November 2016 contract price which is the most active contract fell by 29 ringgit and traded at 2,563 ringgit per tonne.

 

Analyst estimates that the price movement of CPO futures at the next trade will weaken depressed anxiety increased production. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the support level at 2,510 ringgit . While the level of resistance to be tested if there was a strengthening is at 2,660 ringgit.

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The price of CPO in Malaysia commodity exchanges rose on Thursday afternoon (15/09). CPO price hike this afternoon supported the weakening ringgit and rising crude oil prices Asian session. Ringgit observed to weaken against the US dollar. Couple USDMYR exchange rose 0.28 percent to 4.1357 range.

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so the request is increased. CPO price rise also underpinned by the rise in crude oil in the Asian trading session.

Oil prices rebounded in early Asian trade on Thursday (15/09) after falling about 3 percent in the previous session, buoyed by a weaker US dollar. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 0.5 percent and traded at 2,578 ringgit per tonne.

CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test resistance level at 2,630 ringgit positions and then towards 2,680 ringgit. While the level of support that will be tested if prices decline is at 2,530 ringgit.

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CPO trading in the stock Malaysia this Friday to commemorate Malaysia Day holiday. Earlier on Monday the Malaysian market also commemorate Eid al-Adha holiday.During the three days of trading this week, CPO prices still edged. The most-active contract November 2016, on Tuesday (13/09) the price is set to expire in 2592, on Wednesday (14/09) in 2564, on Thursday (15/09) in 2594. Thus, on a weekly basis CPO prices rose by 2 ringgit or 0.1 percent.

The increase in the price of CPO on Thursday supported the weakening ringgit and rising crude oil prices Asian session.For the next trading next Monday, it is necessary to observe some important sentiment that drives the price of CPO. Malaysia boost CPO export tax in October to 6.5 percent from 5 percent in September. The tax increase for Malaysian crude palm oil exports for October is expected to weaken demand for the tropical oil, but production may be below average in the coming months to support the price.

Meanwhile, crude oil prices are still depressed global supply glut concerns. Seeing the negative sentiment dominates, is expected CPO prices depressed. Many analyst estimates that the price of CPO futures at the next trade will weaken thanks to bearish sentiments. CPO futures has potential to test support at 2,550 ringgit and resistance level at 2,650 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (09/19). CPO price hike this afternoon supported crude oil prices for the Asian session. Crude oil prices rose in Asian trade on Monday (09/19), after the statement that the OPEC nation Venezuela and non-OPEC production almost reached an agreement to stabilize and sentiment clashes in Libya raised concerns that efforts to restart crude exports could be disrupted.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract rose as much as 33 ringgit, or 1.3 percent and traded at 2,598 ringgit per tonne.

CPO futures price estimated to trade potentially strengthened by the potential increase in crude oil. CPO futures contract prices on commodity exchanges in December 2016 Malaysia has the potential to test the resistance level at 2,650, while support level that will be tested if fell will be at 2,550 ringgit .