Daily chart.
Related post, CPO News - 6 January 2019
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1) Metastock
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Recently, AllianceDBS Research forecasted crude palm oil (CPO) for 2019 stands at RM2,560 per tonne. However, continued increases in inventory, weak exports to India and China, and
low crude oil prices would be a potential trigger for AllianceDBS to cut their forecasts.
More news, Analysts: Focus on ‘oversold’ stocks
On the same day, The Star also reported there is a good chance that palm oil may regain some market share it
lost previously in India after the government announced a reduction in
import duties on crude palm oil and refined palm oil, effective since
Jan 1.
Click below link for more detailed news:
Malaysia palm oil may regain market share
The following day, 4 January, The Star published another news on CPO from Kenanga Research. More news, Signs of recovery seen for CPO
Kenanga Research also reported the plantation sector looks to be more positive in the first quarter of
2019 (Q1’19), with signs of a sharp recovery in crude palm oil (CPO)
prices
The three key positive factors to be monitored closely are easing trade
tensions between the US and China, higher exports of Indonesian CPO to
the European Union (EU), as well as falling stockpiles in both Malaysia
and Indonesia.
Kenanga Research also believed the strategic time to accumulate planters is early March, with
the focus on bashed-down upstream players like Hap Seng Plantations
Holdings Bhd as well as planters with excellent execution capabilities
and robust production outlook like Genting Plantations Bhd.
Hap Seng Plantations Daily Chart.
FCPO Daily chart.
Source :
1) Metastock
2) www.thestar.com.my
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1) "Power Within Metastock"
2) S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Daily chart.
Source :
1) Metastock
Note
:
1) "Power Within Metastock"
2) S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
