Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash Tin
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives remained bearish last week and fell on technical and fresh selling before closing Friday with minor losses. Despite three straight weeks of declines, CPO futures prices failed to generate aggressive buying interest as traders preferred to stay on the sidelines awaiting fresh leads from the export front.
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