CRUDE PALM OIL
THE Malaysia Derivatives Exchange (MDEX) crude palm oil futures prices adjusted lower for most the sessions last week after having made new life-of-contract highs and surged on aggressive buying on Friday to close at its best levels since January 1999. Short-covering and speculative buying triggered off stops when the December futures penetrated its minor chart-resistance at the RM1,750-RM1,760 levels.
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