CPO futures likely to trade with downward bias next week


KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downward bias next week on weak global sentiment, dealers said.

Interband Group of Companies senior palm oil trader Jim Teh said the market would see further profit-taking next week, moving within the range of RM3,700 to RM3,900 per tonne as prices had gone up too high recently.

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CPO , Palm oil , Weekly , Anilkumar Bagani , Jim Teh

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