CPO commodity Fundamental Analysis

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The price of CPO in Malaysia commodity exchanges on Thursday (27/10) afternoon observed to be weak compared to previous movement. A weaker CPO prices following the drop of Crude Oil futures on Dalian Commodity Exchange and the Chicago Board of Trade.

 

The January contract for palm olein in China's Dalian Commodity Exchange fell as much as 0.27 percent Wednesday, CPO price most active contract on the commodity exchanges Malaysia today was weakened. The price ended down -26 ringgit or equal to -0.9 percent and traded at 2,770 ringgit per tonne.

 

Analyst estimates that the CPO price movements in futures trading potential further weakened following the increase in oil prices in China and the rival Chicago exchanges. But if Yen continues to weaken and the price of crude oil rose, could give a boost price increases.

 

CPO futures contract in January 2017 on commodity exchanges Malaysia has the potential to test support level at the position of  2,720 ringgit and 2,670 ringgit. While the resistance level to be tested if there is an increase is at 2,820 ringgit.

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The price of CPO in Malaysia commodity exchanges was observed to fall. A weaker CPO prices this afternoon triggered by the weakening of crude oil in Asian trading session. Crude oil prices extended losses in trading on Monday (31/10) in the Asian session after non-OPEC producers did not make a specific commitment to join OPEC to restrict oil production to shore up prices, suggesting they would like the group of oil producers to first resolve differences.

 

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 fell by -7 ringgit or -0.30 percent and traded at 2,781 ringgit per tonne.

 

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. It has the potential to test the support level at 2,730 ringgit.

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CPO's price on Malaysia commodity exchange observed weak. A Drop in CPO prices this afternoon triggered strong exchange of Ringgit against US dollar. US dollar-ringgit pair observed fall down about -0.33% at 4.1807. Strengthening Ringgit makes CPO becoming relatively more expensive for overseas buyers so demand decreases.

CPO price most active contract on the commodity exchanges Malaysia today seems weakened. The contract price in January 2017 which is the most active contract fell by -31 ringgit or minus 1.1 percent and traded at 2,732 ringgit per tonne. CPO futures at the next trade may decline with the potential for strengthening ringgit. But the positive trend in crude oil prices can help the CPO price increase today.

CPO futures contract on commodity exchanges for the January 2017 contract has the potential to test the support level at 2,680 ringgit and 2,630 ringgit. While the level of resistance to be tested if there is an increase is exactly at 2,780 ringgit and 2,830 ringgit.

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The price of CPO in Malaysia commodity exchange in trading Thursday afternoon (3/11) observed weak. The drop in the price of CPO this afternoon triggered rise of Ringgit against the U.S. dollar. The observed exchange rate pair of u.s. dollar-Ringgit, down about 0.2% at 4.1775.

 

The strengthening Ringgit triggered by a weakening of U.S. dollar after The Fed retain U.S. interest rates unchanged. The strengthening of Ringgit has made the price of commodities traded in the currency is becoming relatively more expensive for foreign buyers and so the demand is dropping.

 

The price of CPO most active contract today looks experience attenuation. Contract price January 2017 which is the most active contract slumped as big as 8 ringgit or-0.3 percent and traded at position 2,750 ringgit per tonne.

 

CPO futures on the next potential trade down with the potential strengthening of the Ringgit. But the positive movement of crude oil prices may help increase the price of CPO today. CPO futures contracts can potentially test the support level at 2,650 2,700. While Resistance level to be tested in case there is a rise is at 2,800 ringgit and 2,850 ringgit.

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CPO's price in Malaysia engaged weak commodity exchanges on Thursday (27/10) afternoon. A weaker CPO prices following a fall in oil rival Chicago Board of Trade. CPO price most active contract on observed a weakening. The contract price in January 2017 which is the most active contract ended down by 0.3 percent and traded at 2,765 ringgit per tonne.

Analyst estimates that the price movement of CPO futures at the next trade potentially weak following the weakening of oil prices rival on the exchange Chicago. However, if the ringgit continues to weaken the currency and crude oil prices rose, can give a boost price increases.

CPO futures contract prices on Malaysia commodity exchanges for the contract of January 2017 has the potential to test the support level at 2,710 ringgit and 2,650 ringgit. While the level of resistance to be tested if the price increase is between 2,810 ringgit and 2,860 ringgit.

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The price of CPO in Malaysia commodity exchanges rose on Monday afternoon (07/11). CPO price hike this afternoon supported bt weakening ringgit and rising crude oil prices on Asian session. USDMYR rate up 0.3 percent at 4.2105. The weakening ringgit makes CPOs 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. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased and gained as much as 36 ringgit, or 1.3 percent and traded at 2,772 ringgit per tonne.

 

CPO futures at the next trade potentially strengthened by the potential weakening ringgit and the increase in crude oil. While it has potential to test the resistance level at 2,820 ringgit and 2,870 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Wednesday afternoon (09/11) was observed to fall. A weaker CPO prices this afternoon triggered weakening crude oil Asia. The price in this session plumetted since the initial calculation shows Republican candidate Donald Trump narrowly won in several important states in the US presidential election.

 

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 the commodity exchanges Malaysia today seems weakened by -21 ringgit or 0.7 percent and traded at 2,822 ringgit per tonne.

 

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. PO futures contract prices on commodity exchanges has the potential to test the support level at 2,770 ringgit and 2,720 ringgit. While the level of resistance to be tested if there was a strengthening is at 2,870 ringgit and 2,920 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Thursday afternoon (09/11) was observed to fall. A weaker CPO prices this afternoon triggered increased production in Malaysia. Malaysian palm oil stocks rose 1.79% in October to 1.57 million tons from the previous month, according to the release of Malaysian Palm Oil Board (MPOB) said Thursday today.

CPO price most active contract on the commodity exchanges Malaysia today seems weakening contract price in January 2017 which is the most active contract ringgit depreciated by 1.0 percent and traded at 2,816 ringgit per tonne.

Analyst estimates that the price movement of CPO futures at the next trade will fall hampered by an increase in inventories. It will also 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 where CPO futures contract prices has the potential to test the support level at 2,770 ringgit and 2,720 ringgit.

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The price of CPO on Friday afternoon (11/11) observed soaring. The high rise in CPO prices have encouraged the rise during the third quarter economic growth in Malaysia. Malaysia's economic growth beat forecasts third-quarter supported the increase in private consumption growth, overcoming weak government spending.

Gross domestic product rose 4.3 percent last quarter from a year earlier, after rising 4 percent in the previous three months, according to Bank Negara Malaysia said in Kuala Lumpur on Friday (11/11).

CPO price most active contract on the commodity exchanges Malaysia today seems to experience a surge. The contract price in January 2017 which is the most active contract jumped by about 106 ringgit or 3.7 percent and traded at 3,000 ringgit per tonne.

CPO futures at the next trade will increase with the growth of the Malaysian economy third quarter. It has the potential to test the resistance level at 3,050 ringgit positions and 3,100 ringgit. While the level of support that will be tested if there is a decline at 2,950 ringgit and 2,000 ringgit.

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The price of CPO in Malaysia observedrose on Tuesday afternoon (15/11). CPO price hike this afternoon supported crude oil prices for the Asian session. Crude oil prices rose about 2 percent in Asian trade on Tuesday (15/11) to move away from multi-month lows the previous day.

 

CPO price most active contract on the commodity exchanges seems to have increased. The contract price in January 2017 which is the most active contract rose as much as 39 ringgit, or 1.4 percent and traded at 2,891 ringgit per tonne.

 

Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential increase of crude oil. CPO futures contract has the potential to test the resistance level at 2,940 ringgit and 2,990 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Friday afternoon (18/11) was observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session.

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 the commodity exchanges Malaysia today seems to weaken and depreciated by 0.8 percent and traded at 2,852 ringgit per tonne.

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. This commodity has the potential to test the support level at 2,800 ringgit and 2,750 ringgit.

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The price of CPO rose on Monday afternoon (21/11). CPO price hike this afternoon supported by the weakening ringgit and rising crude oil prices on Asian session. Ringgit observed weakened against US Dollar, USDMYR this day rise about 0.3% at 4.4315.

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 seems to have increased. Contract prices in February 2017 which is the most active contract rose about 50 ringgit, or 1.7 percent and traded at 2,919 ringgit per tonne.

The price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit and the increase in crude oil. CPO futures contract prices on commodity exchanges in January 2017 Malaysia has the potential to test the resistance level at 2,970 ringgit and 3,020 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Thursday afternoon (24/11). CPO price hike this afternoon supported the weakening ringgit. USDMYR exchange rate rose about 0.34 percent at 4.4598.

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 February 2017 rise as much as 66 ringgit, or 2.2 percent and traded at 3,020 ringgit per tonne.

Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit. Price has the potential to test the resistance level at 3,070 ringgit and 3,120 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Friday afternoon (24/11). CPO price hike this afternoon supported by the weakening ringgit. Observed Ringgit weakened against the US dollar where USDMYR exchange rate rose around 0.17 percent at 4.4678.

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. Meanwhile, CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. Price rose as much as 22 ringgit, or 0.7 percent and traded at 3,026 ringgit per tonne.

Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit. It has the potential to test the resistance level at 3,080 ringgit and 3,130 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (28/11). CPO price hike this afternoon supported the weakening ringgit. Observed Ringgit currency weakened against the US dollar. Couple USDMYR exchange rate rose 0.10 percent at 4.4622.

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 seems to have increased. The most active contract rose as much as 0.7 percent and traded at 3,054 ringgit per tonne.

Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit. It has the potential to test the resistance level at 3,100 ringgit and 3,150 ringgit.

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The price of CPO on Malaysia commodity exchanges in trading Tuesday afternoon (29/11) was observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session. 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 the commodity exchanges Malaysia today seems to depreciated by 1.3 percent and traded at 3,037 ringgit per tonne. Analyst estimates 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 in February 2017 Malaysia has the potential to test the support level at 2,990 ringgit and 2,940 ringgit. While the level of resistance to be tested if there was a strengthening is between 3,090 ringgit and 3,140 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Wednesday afternoon (30/11) was observed to fall. A weaker CPO prices this afternoon triggered the decline of the Chinese consumer optimism.

The Westpac Consumer Sentiment Indicator MNI China slipped back in November, dropping 1.9% to 114.9 from 117.1 in October. This decline following an increase promised in the previous two months that began as a rebound from the lows affected by the weather in August, according to the release on Wednesday. The decline of the Chinese consumer optimism has prompted concern weakening demand from China.

CPO price most active contract on the commodity exchanges Malaysia today seems to weaken by 0.8 percent and traded at 3,026 ringgit per tonne. CPO futures contract prices would potentially be depressed and test the support level at 2,975 ringgit and 2,925 ringgit.

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The price of CPO on Malaysia observed commodity exchanges rose on Thursday afternoon. CPO price hike this afternoon supported by crude oil prices for the Asian session. Crude oil prices continue to strengthen in Asian trade on Thursday, after OPEC and Russia agreed to cut crude oil production to revive prices, but analysts warned prices could recede as other manufacturers stand to fill the gap.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. February contract price in 2017 which is the most active contract rose as much as 10 ringgit, or 0.3 percent and traded at 3,083 ringgit per tonne.

CPO futures contract prices on commodity exchanges in January 2017 Malaysia has the potential to test the resistance level at 3,130 ringgit and 3,180 ringgit. While the level of support that will be tested if prices decline is between 3,030 ringgit and 2,980 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Friday afternoon (12/02) observed fell slightly. The drop in CPO prices this afternoon triggered strengthening Ringgit exchange rate against the US dollar and weaker crude oil prices. On this afternoon observed the weakening US dollar against the ringgit. The rate of US dollar-ringgit pair, down 0.43% at 4.4445.

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 fell by 1 ringgit and traded at 3,078 ringgit per tonne. Analysts estimate that the price movement of CPO futures at the next trade may decline with the potential for strengthening ringgit and weaker crude oil. The price movement can also be influenced by global supply and demand conditions.

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The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (05/12). CPO price increases following the increase in soybean oil as a rival. Soybean futures on the Chicago exchanges traded up. Soybean oil trading on the Chicago Board Of Trade monitored rose 0.27 percent to $ 37.82.

Likewise, Palm Olein trade for May 2017 contract on the Dalian Commodity Exchange rose 1.26 percent at 6.266. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. That contract rose as much as 28 ringgit, or 0.91 percent and traded at 3,104 ringgit per tonne.

Analyst estimates that the price movement of CPO futures at the next trade has the potential to increase the potential gain in soybean prices on the Chicago Board Of Trade and Dalian Commodity Exchange. It has the potential to test the resistance level at 3,150 ringgit and 3,200 ringgit.

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The price of CPO on Malaysia commodity exchange observed rose on Tuesday afternoon (06/12). CPO price increases following the increase in soybean oil as a rival. Soybean futures on the Chicago exchanges traded up. Soybean oil trading on the Chicago Board Of Trade monitored rose 0.48 percent to $ 37.85.

Likewise, CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. Contract prices in February 2017 which is the most active contract rose as much as 39 ringgit, or 1.2 percent and traded at 3,174 ringgit per tonne.

Analysts estimate that the price movement of CPO futures at the next trade has the potential to increase the potential gain in soybean prices on the Chicago Board Of Trade and Dalian Commodity Exchange. It has the potential to test the resistance level at 3,220 ringgit and 3,270 ringgit

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The price of CPO in Malaysia commodity exchanges in trading Wednesday afternoon (12/07) was observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session. 

Crude oil prices fell in trading Wednesday (12/7) in the Asian session, hampered by doubts continued to be cutting crude oil production by OPEC and Russia will be able to successfully cope with oversupply that has gripped the market for more than two years.

CPO price most active contract on the commodity exchanges Malaysia which February 2017's contract today seems depreciated by 0.5 percent and traded at 3,167 ringgit per tonne. 

Analysts estimate 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.

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The price of CPO in Malaysia observed weak commodity exchanges trading on Friday afternoon (09/12). The weakening in CPO prices following the weakening of rival palm oil in China.

Trading Palm olein for May 2017 contract on the Dalian Commodity Exchange slumped by 1.37 percent at 6.332. CPO price most active contract on the commodity exchanges Malaysia today seems weakened. Contract prices in February 2017 which is the most active contract ringgit depreciated by 0.9 percent and traded at 3,086 ringgit per tonne.

Analysts estimate that the price movement of CPO futures at the next trade will weaken the weakening potential of palm oil on the Dalian Commodity Exchange. CPO futures contract prices on commodity exchanges in February 2017 Malaysia has the potential to test the support level at 3,040 ringgit and 2,990 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Tuesday afternoon (13/12) was observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session.

Crude oil prices fell slightly on Tuesday (13/12) in the Asian session on profit-taking pressure. But the rise in bullish sentiment stalled by strong demand in Asia and as a sign of decline in the production of crude oil held by OPEC and other exporters materialized.

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 the commodity exchanges Malaysia today seems to weaken contract in February 2017 which is the most active contract fell by -11 ringgit or 0.4 percent and traded at 3,058 ringgit per tonne.

CPO futures contract prices on commodity exchanges in February 2017 Malaysia has the potential to test the support level at 3,010 ringgit and 2,960 ringgit. While the level of resistance to be tested if there was a strengthening is between 3,110 ringgit and 3,160 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Thursday afternoon (15/12). CPO price hike this afternoon supported the weakening ringgit. Observed Ringgit currency weakened against the US dollar so USDMYR rose 0.40 percent at 4.4657.

Ringgit weakening occurs after strong US dollar triggered by the Fed's decision to raise US interest rates this morning. The Federal Open Market Committee (FOMC) raised the target range of 0.25 percent to 0.5 percent to the range of 0.5 percent to 0.75 percent.

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. Contract prices in February 2017 which is the most active contract rose as much as 51 ringgit, or 1.6 percent and traded at 3,176 ringgit per tonne.

Analysts estimated that price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit. CPO futures contract prices on commodity exchanges in February 2017 Malaysia has the potential to test the resistance level at 3,230 ringgit and 3,280 ringgit