MARKET DEVELOPMENT
CPO Futures Likely To See Yo-yo Trading Next Week
CPO Futures Likely To See Yo-yo Trading Next Week
06/06/2016 (Bernama) - Crude palm oil (CPO) futures will likely see yo-yo trading next week in the absence of positive factors, dealers said.
Interband Group of Companies Senior Trader Jim Teh said prices would likely move between RM2,500 and RM2,520 per tonne next week.
"The market would probably move like a yo-yo and enter a correction period. We have been speculating about a downtrend in prices for a while," he told Bernama.