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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