CPO futures likely to experience technical correction next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives would likely experience a technical correction next week to stabilise the market, said a dealer.

Interband Group of Companies senior palm oil trader Jim Teh said the futures contract would likely trade between RM2,500 and RM2,600 per tonne next week, as the COVID-19 outbreak is causing a supply disruption.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Palm oil , CPO , Jim Teh , China , Covid-19


Next In Business

BNM: Micro, small businesses to continue enjoying zero-cost transactions via DuitNow QR payments
Hong Leong Bank to continue to waive transaction fees for DuitNow QR payments
Public Mutual declares over RM47mil for two funds
Oil prices mixed amid macroeconomic concerns
S&P 500 dips after US inflation data
Wall St Week Ahead: US stock market’s powerhouses tested by soaring bond yields
‘GST critical to restoring the country’s fiscal health’
CPO price set to recover
New era of payments
Dollar’s smile makes Wall Street frown

Others Also Read