Crude Palm Oil(CPO) futures Trading Tips for Today(12.06.2019)

Palm, Oil, Fruit, Background, Ripe, Red

MCX CRUDE PALM OIL(CPO)

US Soyoil futures closed lower due to lower prices of Oil markets.


Though, the on-going trade tariff tension between the United States and China is likely to distress demand for commodities. Malaysian Bursa Malaysia Market players were monitoring the CPO stocks and CPO production figures of May month to be released by the Malaysian Palm Oil Board next week.


The Bursa Malaysian market was mostly lower during the holiday-shortened week. It was closed on Wednesday and Thursday for the Hari Raya Aidilfitri celebration, and trading will be resumed on Friday.

As Per reports of the Investment Banker MAYBANK informed that CPO price likely to trade higher in the second quarter of this year.
MCX CPO Technical levels for 12.06.2019

MCX CPO Upper side breakout point (price)        :500.70(Buy Comes above this Price)

MCX CPO Technical Resistance levels                  :502.10,503.10,505.40

MCX CPO Down side breakout point(price)         :497
(Sell Comes below this Price)

MCX  CPO Technical Support levels                    :495.40,494.20,493.20
Yesterday(11.06.2019)MCX  Crude Palm Oil (CPO) Bhav Copy for Data Reference
Symbol
Expiry Date
Open
High
Low
Close
CPO
31-May-19
499.50
502.30
497.40
498.70
CPO
28-Jun-19
505.00
505.60
501.30
502.20
CPO
31-Jul-19
504.00
507.00
504.00
506.20

MCX CPO Daily Pivot Levels


MCX CPO Daily Pivot Point      499.50

MCX CPO Daily Resistances     501.50,504.4,506.4

MCX CPO Daily Supports        496.6,494.6,491.7

MCX CPO Weekly Pivot Levels

MCX CPO Weekly Pivot Point       509.7

MCX CPO Weekly Resistances             514,521.40,525.70

MCX CPO Weekly Supports                502.30,498,490.60

MCX CPO Lifetime High/Low and 52 weeks High /low


MCX CPO Lifetime High Price    673 (Traded on 22.05.2018)

MCX CPO Lifetime Low Price  228.50 (Traded on 17.08.2018)

MCX CPO 52 week Range         655.40-483.40

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