CPO commodity Fundamental Analysis

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The price of CPO in Malaysia observed commodity exchanges rose on Friday afternoon (16/12). CPO price hike this afternoon supported the weakening ringgit and rising crude oil prices Asian session. USDMYR exchange rate observed to rose about 0.26 percent at 4.4775.

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.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in March 2017 which is the most active contract rose 0.6 percent and traded at 3,181 ringgit per tonne.Analysts estimates that 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 March 2017 Malaysia has the potential to test the resistance level at 3,230 ringgit and 3,280 ringgit. While the level of support that will be tested if prices decline is at 3,130 ringgit and 3,080 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Tuesday afternoon observed weak. The drop in CPO prices this afternoon triggered strengthening Ringgit exchange rate against the US dollar and weaker crude oil prices. Observed exchange rate of US dollar-ringgit pair, down by 0.02% at 4.4777.

Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases. SO the price seems to weaken and depreciated by 1.2 percent and traded at 3,105 ringgit per tonne.

Analysts estimate that CPO futures price at the next trade may decline with the potential strengthening ringgit. Price movements can also be affected by movements in crude oil prices, such as the global demand of and supply CPO conditions.

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The price of CPO in Malaysia commodity exchanges in trading Thursday afternoon (22/12) was observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session.

Crude oil prices slipped on Asia trade on Thursday (22/12), dragged down by an unexpected rise in US crude inventories last week and Libyan efforts to increase production over the next few months. But the price has also been dogged by a weaker US dollar and optimism that crude oil producers will adhere to an agreement to limit production to prop up the market.

CPO price most active contract on the commodity exchanges Malaysia today seems to weaken by0.83 percent and traded at 3,088 ringgit per tonne. So analysts estimated that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices. Price movements can also be affected by currency movements Ringgit and the global supply and demand conditions.

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CPO exchange rate against US Dollar on Malaysia bourse on Monday 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 about 0.5 percent and traded at 3,060 ringgit per tonne.

 

Analysts estimated that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if positive moves will strengthen the price of CPO. It has the potential to test the resistance level at 3,110 ringgit and 3,160 ringgit

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The price of CPO in Malaysia observed commodity exchanges rose on Wednesday afternoon (28/12). CPO price increases following the increase in soybean oil in Dalian commodity exchange as a rival. Trading Palm olein for May 2017 contract on the Dalian Commodity Exchange rose 1.48 percent at 6.176.

The decline of exports Malaysia is still providing bullish sentiment. Exports of Malaysian palm oil products for December fell 5.6 percent to 845.441 tons from 895.625 tons shipped during November. Data for December showed a decrease of 14.4 percent and has dragged the market at the time.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in March 2017 which is the most active contract rose as much as 23 ringgit, or 0.7 percent and traded at 3,151 ringgit per tonne.

CPO futures contract prices on Malaysia bourse has the potential to test the resistance level at 3,200 ringgit and 3,250 ringgit. While the level of support that will be tested if prices decline is at 3,100 ringgit and 3,050 ringgit.

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The price of CPO on Malaysia commodity exchanges observed to rise in early trade on Tuesday afternoon. CPO price hike this afternoon supported by the weakening ringgit and rising crude oil prices on Asian session. USDMYR exchange rate rose about 0.17 percent at 4.4938.

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.

Analysts estimated that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit and crude oil price increment. CPO futures contract prices has the potential to test the resistance level at 3,200 ringgit and 3,250 ringgit.

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The price of CPO in Malaysia bourse observed weak. A drop in CPO prices this afternoon triggered by strengthening Ringgit exchange rate against the US dollar and weaker crude oil prices. On this afternoon observed exchange rate of US dollar-ringgit pair, down -0.3% at 4.4850.

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 CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO decreased demand

Analysts estimated that CPO futures at the next trade may decline with the potential of strengthening ringgit. Price movements can also be affected by crude oil prices, global demand and supply conditions. CPO futures contract price has the potential to test the support level at 3,080 ringgit and 3,030 ringgit.

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The price of CPO in Malaysia commodity exchanges observed weak. A drop in CPO prices this afternoon triggered strengthening Ringgit exchange rate against US dollar and also of course a weaker crude oil prices. On this afternoon exchange rate of US dollar-ringgit pair, fall down around 0.3% at 4.4745.

Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases. The price triggered by negative sentiment which makes CPO price fall further. 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 to weaken contract in March 2017 which is the most active contract ringgit depreciated by 1.5 percent and traded at 3,049 ringgit per tonne right now.

Analysts estimated that CPO futures price for the next trading session 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.

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The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (01/09). CPO price hike this afternoon supported the weakening ringgit. USDMYR exchange rate strengthened 0.1 percent at 4.4777.

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing, so CPO price most active contract on Malaysia bourse today seems to have increased. The contract price in March 2017 rose as much as 0.9 percent and traded at 3,104 ringgit per tonne.

Analysts estimated that CPO futures for the next trading session 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 3,150 ringgit and 3,200 ringgit

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The price of CPO in Malaysia observed commodity exchanges rose on Wednesday afternoon (11/01). CPO price hike this afternoon supported crude oil prices for the Asian session.

Crude oil prices edged higher in Asian trade on Wednesday (11/01), lifted by reports of supply cuts Saudi Arabia to Asia, but gains were limited by the lack of detailed this reduction and as signs of increased supply from other manufacturers.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in March 2017 which is the most active contract rose as much as 44 ringgit, or 1.4 percent and traded at 3,126 ringgit per tonne.

Analysts estimated that the price movement of CPO futures at the next trade may strengthen if the rise in crude oil continues. CPO futures contract prices on commodity exchanges has the potential to test the resistance level at 3,180 ringgit and 3,230 ringgit.

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The price of CPO on Malysia bourse this afternoon seems sluggish. The drop in CPO prices this afternoon triggered by strong exchange rate against the US dollar Ringgit. In late trading, the currency Ringgit strengthened where USDMYR fall down 0.24% at 4.4613. 

Strengthening Ringgit occurred as US dollar weakness after the press conference US President-elect beyond expectations overnight. This event 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. The contract price on March 2017 which is the most active contract fell by -9 ringgit or 0.3 percent and traded at 3,124 ringgit per tonne.

Analysts estimated that CPO futures price for the next session may decline with the potential strengthening of ringgit itself, not to mention that there are many aspects which affect the market including crude oil price movements can affect CPO price increase today.

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The price of CPO observed an increment on Friday afternoon (01/13). CPO price hike this afternoon supported by the weakening ringgit and rising crude oil prices Asian session. Ringgit seems to weakened against the 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. The increase in CPO prices also underpinned the rise in crude oil in the Asian trading session.

 

CPO price most active contract on Malaysia bourse today seems to have increased. The contract price in March 2017 which is the most active contract rose as much as 26 ringgit, or 0.8 percent and traded at 3,142 ringgit per tonne.

 

So many analysts estimated that CPO futures for the next session is potentially strengthened by the potential weakening ringgit and crude oil's bullish sentiment. CPO futures has the potential to test the resistance level at 3,190 ringgit and 3,240 ringgit.

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The price of CPO on Malaysia bourse rose on Monday afternoon (16/01). CPO price hike this afternoon after a decline of Indonesian CPO exports. Exports of crude palm oil (CPO) and its derivatives Indonesia fell nearly 2 percent to 25.7 million tons in 2016 from 26.2 million tons in 2015. The CPO price most active contract on the commodity exchanges Malaysia today seems to have increased.

April 2017 contract price which is the most active contract rose as much as 13 ringgit, or 0.4 percent and traded at 3,096 ringgit per tonne. For this week's Malaysian market CPO price rose 1.5 percent, largely supported the surge in crude oil prices, the increase in US soybean oil and the weakening ringgit.

Analysts estimated that CPO futures price for the next session potentially strengthened by Indonesia's exports. CPO futures contract prices on Malaysia commodity exchanges has the potential to test the resistance level at 3,150 ringgit and 3,200 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Friday afternoon (27/01) observed weak. CPO price decline during the depressed weakening crude oil prices.

Crude oil prices fell in trading Friday on Asia session, with the increase in crude oil production from the United States pressured the efforts of OPEC and other producers to cut supply. The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. 

CPO price most active contract on the commodity exchanges Malaysia today seems weakened April 2017 contract price which is the most active contract ringgit depreciated by 0.5 percent and traded at 3,071 ringgit per tonne.

Analysts estimated that CPO futures for the next session may falling down because the potential of crude's oil weakening. Price movements can also be affected by currency movements of Ringgit, global supply and demand conditions of CPO.

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The price of CPO in seems rise on Thursday afternoon (02/02). CPO price hike this afternoon supported the weakening ringgit. USDMYR exchange rate strengthened 0.1 percent at 4.4347. 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. April 2017 contract price which is the most active contract rose as much as 41 ringgit, or 1.4 percent and traded at 3,070 ringgit per tonne.

 

Analysts estimated that CPO price for the next session on America session up to the end of this session tomorrow morning has bigger chance to rise, especially with the ringgit which keep weakening and also with Trump Protective Policy of US economic.

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The price of CPO in Malaysia commodity exchanges observed to rise on Friday afternoon (10/02). CPO price hike this afternoon after supported the weakening ringgit and rising crude oil prices Asian session.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. April 2017 contract price which is the most active contract gained as much as 31 ringgit, or 1.1 percent and traded at 3,132 ringgit per tonne.

Analysts estimated that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening of ringgit and the increase in crude oil. CPO futures has the potential to test the resistance level at 3,180 ringgit and 3,230 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Monday afternoon (13/02) observed weak. CPO price decline during the depressed weakening crude oil prices. Oil prices slumped on Asia session, triggered by signs that the global fuel market remains swollen despite production cuts led OPEC crude oil has been more successful than expected.

 

The decline in crude 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 depreciated by 0.8 percent to 3,047 ringgit per tonne.

 

Analysts estimated that CPO futures at the next trade may drop by a potential weakening of crude oil. Price movements can also be affected by currency movements Ringgit, global supply and demand conditions. CPO futures contract prices on commodity exchanges April 2017 Malaysia has the potential to test support level at 3,000 ringgit.

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The price of CPO hike this afternoon supported by the stability of crude oil prices on Asia session. By the current condition it seems that CPO price most active contract on the commodity exchanges Malaysia increased. 

The contract for April 2017 which is the most active contract for CPO observed to rise about 3 ringgit or 0.1 percent and traded at 3,039 ringgit per tonne. This is quite good increment and predicted to rise more for next session.

Analysts also estimated CPO futures for the next session may strengthen if the weakening ringgit and rising crude oil continues. CPO futures contract prices has the potential to test the resistance level at 3,090 ringgit and 3,140 ringgit.

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The price of CPO in Malaysia ended the commodity exchanges rose on Wednesday evening (15/02). CPO price hike triggered by a decrease in inventories and Malaysian CPO production. Malaysian CPO inventories in January fell around 7.5% m-o-m after rising for the past four months. Compared with January 2016, it fell by 33.3% while exports increased production dipped.

CPO production also experienced a greater decline, fall down by 13.4% m-o-m. fell in the fourth consecutive session. Both Peninsular Malaysia and East Malaysia declined by 18.2% and 8.1% respectively.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. April 2017 contract price which is the most active contract rose as much as 0.7 percent and traded at 3,067 ringgit per tonne.

CPO futures contract prices on commodity exchanges April 2017 Malaysia has the potential to test the resistance level at 3,120 ringgit and 3,170 ringgit. While the level of support that will be tested if prices decline is between 3,020 ringgit and 2,970 ringgit.

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The price of CPO tracked down on Thursday afternoon (16/02). CPO prices fell this afternoon following the weakening of the US soybean prices. Soybean prices on the Chicago Board of Trade March fell by 0.1 percent to $ 10.43 to 1/4 per bushel after touching the lowest since 8th February at $ 10.42 to 1/2 per bushel on Tuesday

CPO price most active contract on the commodity exchanges Malaysia today seems weakened. The contract price in May 2017 which is the most active contract ringgit depreciated by -0.6 percent and traded at 2,949 ringgit per tonne.

Analysts predicted that the price movement of CPO futures at the next trade will examine the movement of crude oil prices and Ringgit. CPO futures contract prices has the potential to test the support level at 2,900 ringgit and 2,850 ringgit.

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The price of CPO is tracked down in trading Friday afternoon (17/02). Drop in CPO prices this afternoon seems triggered by the weakening soybean oil prices on US exchanges and Dalian.

Soybean oil (Soybean Oil) on the Chicago Board Of Trade fell 0.62 percent. While the price of soybean oil (Soybean Oil) in exchange Dalian Commodity Exchange fell -0.09 percent. CPO price most active contract seems weakened today. The contract depreciated by -1.3 percent and traded at 2,892 ringgit per tonne.

Analysts estimated CPO futures for the next trading session will weaken. However, it should be observed that the increase in crude oil prices if it continues to lift prices. CPO futures contract prices has the potential to test the support level at 2,840 ringgit and 2,790 ringgit.

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The price of CPO in Malaysia commodity exchanges Thursday afternoon is sluggish. The drop on CPO prices this afternoon triggered by a strong exchange rate of Ringgit against US Dollar.

CPO price most active contract on the commodity exchanges Malaysia today seems weakened. The contract price in May 2017 which is the most active contract fell by 1.4 percent and traded at 2,770 ringgit per tonne following the strengthening position of Rinngi.

Analysts estimated CPO futures for next session may decline if the strengthening of the ringgit continues. Will also look at crude oil price movements which can affect CPO price today. CPO futures contract prices has the potential to test the support level at 2,720 ringgit and 2,670 ringgit.

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The price of CPO on Monday afternoon (27/02) is keep moving down. The drop of CPO prices this afternoon triggered by a strong exchange rate of Ringgit against US Dollar. Observed the exchange rate of US dollar-ringgit fall down by 0.04% at 4.4423.

Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases. It seems that CPO price most active contract weakened. The contract price fell by 0.78 percent and traded at 2,784 ringgit per tonne.

Analysts estimated CPO futures for the next session may fall down if the strengthening movement of Ringgit continues. Will also look at crude oil price movements which can affect CPO price hike today

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The price of CPO on Malaysia commodity exchanges observed moving flat on Tuesday afternoon (28/02). CPO price hike this afternoon supported Ringgit thin down and a slight increase in crude oil prices Asian session. USDMYR seems rise about 0.2 percent at 4.4455.

 

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.

 

Analysts estimated that the price movement of CPO futures for the next trade potentially strengthened by the potential weakening ringgit and the increase in crude oil. CPO futures contract prices has the potential to test the resistance level at 3,000 ringgit and 3,050 ringgit.

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The price of CPO on Friday afternoon (03/03) is sluggish. CPO price this evening triggered by a slowdown in China's growth in the services sector. Slowing growth in China's services sector, providing a negative sentiment for demand from China.

 

China's service sector growth was at the slowest pace in four months in February, with new business is still growing at a solid rate but increasing competition is making it difficult for companies to raise prices, according to a private survey showed on Friday (03/03).

 

CPO price most active contract on the commodity exchanges today seems weakened. The contract price on May 2017 which is the most active contract fell by around 20 ringgit or 0.7 percent and traded at 2,842 ringgit per tonne.

 

The estimation of CPO futures is the price movement for the next session may fall once again especially since China's data is weakening now. Price movements can also be affected by currency movements Ringgit this day.