CPO commodity Fundamental Analysis

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CPO futures price in Malaysia Commodity Exchange observed rose on Tuesday afternoon (09/20). CPO price hike this afternoon supported the weakening ringgit and the increase in soybean. It is observed that ringgit is weakening against US dollar. USDMYR exchange rate rose around 0.16 percent at 4.1445.

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. The sharp rise in CPO prices also supported the increase in US soybean on Monday for third consecutive session, driven by strength in the vegetable oil market and buying.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract rose as much as 81 ringgit, or 3.1 percent and traded at 2,723 ringgit per tonne.

CPO futures at the next trade potentially strengthened by potential weakening ringgit and the increase in US soybean. CPO futures may test the resistance level at 2,770 ringgit positions and support level at 2,670 ringgit and 2,620 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Wednesday afternoon (21/09). CPO price hike this afternoon supported by the weakening ringgit and rising crude oil prices on Asia session. Ringgit observed weaken against US dollar. USDMYR exchange rate rose 0.50 percent at 4.1578.

 

The weakening ringgit makes the price of CPO has become relatively cheaper for overseas buyers so that demand is increasing. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract gained as much as 15 ringgit, or 0.6 percent and traded at 2,708 ringgit per tonne.

 

Analyst estimates that the price movement of CPO futures at the next trade potentially strengthening itself by the weakening of ringgit and the increase in crude oil. CPO futures price has the potential to test resistance at 2,750 ringgit. While the level of support that will be tested if prices decline is at 2,650 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Thursday afternoon (22/09). CPO price hike this afternoon supported crude oil prices for the Asian session. Crude oil prices extended gains from the previous session in Asia session on Thursday (22/09), after a surprise drop in US weekly crude oil inventories and a weaker US dollar after the Fed kept interest rates unchanged.

 

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract rose by 0.1 percent and traded at 2,681 ringgit per tonne. CPO price increases restrained by strengthening Ringgit currency, so that only increased slightly.

 

CPO futures at the next trade potentially strengthened by the potential increase in crude oil. However, if the ringgit continued to strengthen, will depress the price of CPO. CPO futures contract prices has the potential to test the resistance level at 2,730 ringgit. While the level of support that will be tested if prices decline is at 2,630 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Friday (9/23) was observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session. Crude oil prices declined in Asian trade on Friday (09/23), depressed profit taking following a strong two previous sessions and caution ahead of the OPEC ministers meeting in Algeria next week to discuss the possibility of production cooperation.

The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract on the commodity exchanges Malaysia today seems weakening by -25 or -0.9 percent and traded at 2,700 ringgit per tonne.

Analyst estimates that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. CPO futures contract prices has the potential to test the support level at 2,650 ringgit. While the resistance level which will be tested if the price rise is at 2,750 ringgit and 2,800 ringgit.

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CPO futures price in Malaysia commodity exchanges rose on Monday afternoon (09/26). CPO price hike this afternoon supported the weakening ringgit and rising crude oil prices Asian session. Ringgit weakened against US dollar where USDMYR exchange rate rose 0.46 percent at 4.1325.

The weakening ringgit makes the price of commodities traded in the currency of the heart to demand is increasing.The increase in CPO prices also underpinned the rise in crude oil in the Asian trading session.Crude oil prices rebounded on Monday trading in the Asian session, after Algerian Energy Minister said that it is possible for the cutting or freezing of crude oil this week at an informal meeting of OPEC producers.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract rose as much as 39 ringgit, or 1.5 percent and traded at 2,715 ringgit per tonne.

CPO futures price movement at the next trade potentially strengthened by the potential weakening ringgit and the increase in crude oil. CPO futures contract prices on commodity exchanges in December 2016 has potential to test the resistance level at 2,765 ringgit. While the level of support that will be tested if prices decline is at 2,665 ringgit.

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CPO futures in Malaysia commodity exchanges on Tuesday (27/09) was observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session Crude oil futures prices slipped in Asian trade on Tuesday (27/09) as investors took profits after prices rose more than 3 percent in the previous session.

The US dollar also weighed on oil prices once rose against a basket of currencies, with the market showing ratings Democratic candidate Hillary Clinton as the winner in the first US presidential debate with Republican candidate Donald Trump.The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request.

CPO price most active contract on the commodity exchanges Malaysia today seems weakening contract price in December 2016 which is the most active contract fell by -25 ringgit and traded at 2,686 ringgit per tonne. CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO, also to test the support level at 2,640 ringgit. While the level of resistance to be tested if there was a strengthening is at 2,740 ringgit.

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CPO futures price in Malaysia commodity exchanges Wednesday (27/09) was observed to fall. A weaker CPO prices this afternoon triggered  by negative sentiment related to the management of the European CPO plant in Malaysia. Allegations have been made, that the government of Malaysia tropical deforestation and destroy wildlife. But the CEO of the Malaysian Palm Oil Council (MPOC) Dr Yusof Basiron, denied the allegations.

 

Concerns have also come from the government and German industry on the environmental impact of oil palm cultivation in Malaysia. German Chancellor Angela Merkel had previously raised the issue on the sustainability of oil palm plantations in Malaysia. In response, Prime Minister of Malaysia Datuk Seri Najib Razak's visit to Germany to assuage such concerns.

 

CPO price most active contract on the commodity exchanges Malaysia today seems weakening which is the contract in December 2016 and also one of the most active contract fell by 18 ringgit or 0.7 percent and traded at 2,645 ringgit per tonne. CPO futures at the next trade will be weakened by negative sentiment from Europe. But also watching the movement of crude oil prices, which if continued to strengthen will raise the price of CPO and vice versa. Ringgit currency was also observed to weaken this afternoon, which if it continues to weaken will raise the price of CPO.

 

CPO futures contract prices on commodity exchanges in December 2016 Malaysia has the potential to test the support level at 2,600 ringgit and 2,550 ringgit. While the level of resistance to be tested if there was a CPO's strengthening is located at 2,700 ringgit and then to 2,750 ringgit.

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CPO futures price in Malaysia commodity exchanges observe to rise slightly on Thursday afternoon (29/09). CPO price hike this afternoon supported by crude oil prices for Asia session. Crude oil futures prices moved sideways in Asian trade on Thursday (29/09) with the pull of sentiment.

 

Support price of crude oil occurred since last night when OPEC agreed to production cuts will diltindaklanjuti at a meeting in Vienna in November.However, the investment concerns grow about how OPEC will implement a plan to curb oil production a day after the group agreed to limit production.

 

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract rose by 5 ringgit or 0.2 percent and traded at 2,610 ringgit per tonne. CPO price movement at the next session will weaken with the potential for strengthening ringgit and weaker crude oil.

 

CPO futures contract prices on commodity exchanges in December 2016 Malaysia has the potential to test the support level at 2,560 ringgit and 2,510 ringgit. While the level of resistance to be tested if bullish dominate is at 2,660 ringgit and 2,710 ringgit.

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The price of CPO in Malaysia commodity exchanges was observed to fall. A weaker CPO prices this afternoon triggered by theweakening of crude oil in Asia trading session. Crude oil prices fell in trading Friday (30/09) as investors took profits after a rise of 7 percent in the past two sessions, amid doubts that OPEC plans to reduce production in eight years will create great pressure on global crude oil glut.

The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract on the commodity exchanges Malaysia today seems weakening and fell by 5 ringgit or 0.19 percent and traded at 2,611 ringgit per tonne.

Analyst estimates that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. Price movements can also be affected by currency movements of Ringgit and the global supply and demand conditions. CPO futures has the potential to test the support level at 2,560 ringgit and then 2,510 ringgit. While the level of resistance to be tested if there was a strengthening is at 2,660 ringgit and 2,710 ringgit.

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CPO commodity exchange market in Malaysia on Monday is a holiday. At the weekend trading on Saturday, the CPO price for a most-active contract in December 2016 settled up 18 ringgit or 2636 ringgit per ton. During September, the price of CPO increased by 1.3 percent. For the next trade, it is necessary to observe some of the sentiment driving which drive the CPO's price. 

Tonight will released ISM Non-Manufacturing PMI September which indicated increased. If realized, it will strengthen US dollar so as to suppress Ringgit. If the result make ringgit weaker then it will raise the price of CPO. But also need to be observed the movement of crude oil prices which become an important driver in CPO prices. In Asian trading session this afternoon, crude oil prices depressed pessimism success OPEC production freezing. 

With two sentiments are mixed, it is to be seen where the most powerful sentiment that will determine the price. CPO futures prices at the next trade will notice Ringgit currency movements and oil prices. Also it potentially test the support level at 2,590 ringgit. While the level of resistance to be tested if there was a strengthening is at 2.710 ringgit and 2,760 ringgit.

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CPO futures price in Malaysia commodity exchanges on Tuesday (04/10) was observed to fall. A weaker CPO prices this afternoon triggered by the weakening of crude oil in Asia trading session. Crude oil prices weighed down by a rise in exports of Iran which adds to global oversupply, although OPEC plans to cut production of crude oil this year.

US crude oil futures price of West Texas Intermediate (WTI) crude oil was down 20 cents or 0.41 percent to $ 48.61 per barrel. While International crude oil futures prices Brent traded at $ 50.77 a barrel, down 12 cents or 0.24 percent from its previous close.

CPO price most active contract on the commodity exchanges Malaysia today seems weakened -50 or -1.9 percent and traded at 2,586 ringgit per tonne. CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. 

CPO futures contract prices on commodity exchanges in December 2016 Malaysia has the potential to test the support level at 2,540 ringgit and then towards 2,490 ringgit. While the level of resistance to be tested if there was a strengthening is at 2,640 ringgit and 2,690 ringgit.

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The price of CPO in Malaysia commodity exchanges tracked down in trading Wednesday afternoon (05/10). The weakening in CPO prices following the weakening of soybean oil as a rival. Soybean futures Chicago Board of Trade fell on Tuesday after profit-taking surge, the harvesting pressure Monday and hopes that the US Department of Agriculture raised its estimate of soybean yield probably next week, traders said.

 

CBOT November soybeans ended down 9.5 cents at $ 9.63 to 1/2 per bushel. Palm oil prices are influenced by soybean oil, as both compete for its share in the global vegetable oil market. CPO price most active contract on the commodity exchanges Malaysia today seems weakened. The contract price in December 2016 which is the most active contract depreciated by -13 ringgit or -0.5 percent and traded at 2,587 ringgit per tonne.

 

Analyst estimates that the price movement of CPO futures at the next trade is projected to rise to a potential weakening ringgit and the increase in crude oil. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the resistance level at 2,610 ringgit . While the level of support that will be tested if prices decline is at 2,510 ringgit.

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CPO futures price on Malaysia commodity exchanges in trading Thursday afternoon (06/10) observed weakening against US Dollar. The drop in CPO prices this afternoon triggered strengthening after ringgit exchange rate against US dollar and weaker crude oil prices.

On this afternoon observed the weakening of US dollar against Ringgit. The exchange rate for US dollar-ringgit pair, down around 0.21% at 4.1345. Strengthening Ringgit makes the price of CPO futures which traded is becoming relatively more expensive for overseas buyers so demand decreases. Oil prices slumped depressed profit taking on Thursday (06/10) in the Asian session, but remains near its highest level in June reached in the previous session, supported by a decline in US crude inventories.

The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract on the commodity exchanges Malaysia today seems weakening by 0.6 percent and traded at 2,541 ringgit per tonne.

CPO futures price movement at the next trading session may decline with the potential for strengthening ringgit. Price movements can also be affected by movements in crude oil prices, global demand and supply conditions. CPO futures contract prices on Malaysia commodity exchanges has the potential to test support at 2,490 ringgit and 2,440 ringgit. While the level of resistance to be tested if there was a strengthening is at 2,590 ringgit and 2,640 ringgit.

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The price of CPO in Malaysia commodity exchanges observed rose on Friday afternoon (07/10). CPO price hike this afternoon supported by the weakening ringgit and rising crude oil prices on Asian session. USDMYR exchange rate rose 0.20 percent at 4.1558.

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. The increase in CPO prices also underpinned the rise in crude oil in the Asian trading session.

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract gained as much as 16 ringgit, or 0.6 percent and traded at 2,595 ringgit per tonne.

Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit and the increase in crude oil. CPO futures contract prices on commodity exchanges in December 2016 Malaysia has the potential to test resistance level at 2,650 ringgit and 2,700 ringgit. While the level of support that will be tested if prices rise is at 2,550 ringgit and 2,500 ringgit.

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CPO price on Malaysia commodity exchange rose on Monday afternoon (10/10). CPO price hike this afternoon triggered by weakening exports and looking forward to the release of Malaysian CPO inventory data. El Nino that brought scorching heat damage plants in Southeast Asia, which impacted the results of the two largest producers of oil in Malaysia and Indonesia disrupted.

September Malaysian exports seen falling to 1.53 million tons, down 15.5 percent from a record 1.81 million tonnes the previous month. Malaysian palm oil inventory is likely to grow in September from a near six-year low the previous month, extending the increase in production and a decline in export demand.

Inventories were forecast to rise 3.1 percent in September to 1.51 million tons, according to a Reuters poll of eight planters, traders and analysts. Which would mark the first rise in the stock since June. These results will be released on October 10 this. CPO price most active contract on MCE today seems to have increased. The contract price rose as much as 8 ringgit, and traded at 2,569 ringgit per tonne.

CPO futures' price at the next trade will weaken with the potential for strengthening ringgit and weaker crude oil. CPO futures price has the potential to test support at position 2,520 ringgit. While the resistance level to be tested if the price increase is at 2,620 ringgit and 2,670 ringgit.

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The price of CPO in Malaysia commodity exchanges rose on Tuesday afternoon (11/10). CPO price hike this afternoon supported the weakening ringgit, the exchange rate of USDMYR observed to rise around 0.24 percent at 4.1567.

 

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased where it rise around 38 ringgit, or 1.5 percent and traded at 2,580 ringgit per tonne.

 

CPO futures at the next trade potentially strengthened by the potential weakening ringgit. CPO futures contract prices on commodity exchanges in December 2016 Malaysia has the potential to test the resistance level at 2,630 ringgit. While support level which will be tested if prices decline is at 2,530 ringgit and 2,480 ringgit.

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The price of CPO in Malaysia commodity exchanges on Thursday was observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session. Crude oil prices fell on Thursday (13/10) in Asian session, pressured OPEC to increase production and an increase in US crude inventories.

The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract on the commodity exchanges Malaysia today seems weakening and fell by 9 ringgit or 0.34 percent and traded at 2,644 ringgit per tonne.

Analyst estimates that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. Price movements can also be affected by Ringgit movements and the global supply and demand conditions of CPO.

CPO futures contract prices on commodity exchanges in December 2016 Malaysia has the potential to test the support level at 2,590 ringgit and if able to break that line will went down towards 2,540 ringgit. While resistance to be tested if there was a strengthening is at 2,690 ringgit and 2,740 ringgit.

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CPO price on  Malaysia commodity exchanges observed rose on Afternoon (14/10). CPO price hike this afternoon supported crude oil prices for Asian session. Crude oil prices rose on Friday (14/10) in the Asian session, driven by a decrease in inventories of diesel fuel and gasoline.

 

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract rose as much as 10 ringgit, or 0.38 percent and traded at 2,628 ringgit per tonne.

 

Analyst estimates that  CPO futures at the next trade potentially strengthened by the potential increase in crude oil. CPO futures has the potential to test the resistance level at 2,680. While the support level that will be tested if prices decline is at 2,580 ringgit and 2,530 ringgit.

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The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (17/10). CPO price hike this afternoon supported the decline in production and a weakening currency Ringgit. The increasing trend in CPO prices continued to decline in production forecast by analysts.

 

CIMB Investment Bank analyst Ivy Ng at a presentation at the Palm Oil Trade Fair and Seminar noted that the latest production figures Malaysia 1.55 million tons as of September a tight supply situation. For the first nine months of 2016, production fell by 15% compared to the same period in 2015. Meanwhile, USDMYR exchange rate rose 0.65 percent at 4.2210.

 

The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased.

 

Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential decline in production and a weakening ringgit. CPO futures contract prices has the potential to test the resistance level at 2,800 ringgit and 2,850 ringgit. While the level of support that will be tested if prices decline is at 2,700 ringgit and 2,650 ringgit.

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The price of CPO observed ascend on Tuesday afternoon (18/10). CPO price hike this afternoon supported crude oil prices for the Asian session. Crude oil prices rose on Tuesday (18/10) in the Asian session triggered a decrease in the US dollar and forecasts of market equilibrium.

 

CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in January 2017 which is the most active contract rose by 5 ringgit or 0.18 percent and traded at 2,773 ringgit per tonne.

 

Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential increase in crude oil with potential to test the resistance level at 2,820 ringgit. While support level that will be tested if prices decline is at 2,720 ringgit and 2,670 ringgit.

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The price of CPO in Malaysia commodity exchanges in trading Wednesday afternoon (19/10) observed weak. CPO prices dropped this afternoon triggered by strong exchange rate of US dollar against Ringgit. On this afternoon observed US Dollar-Ringgit fall down -0.06% at 4.1897.

 

Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases. The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request.

 

CPO price most active contract on the commodity exchanges Malaysia today seems weakening contract price in January 2017 which is the most active contract fell slightly by 2 ringgit or 0.07 percent and traded at 2,712 ringgit per tonne.

 

CPO futures at the next trade may decline with the potential for strengthening ringgit. But the positive trend in crude oil prices and the stable economic growth of China can help the CPO price increase today. This commodity has potential to test resistance level at 2,760 ringgit and 2,810 ringgit. While support level that will be tested if there is a weakening is at 2,660 ringgit and 2,610 ringgit.

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CPO futures price in Malaysia observed commodity exchanges rose on Thursday afternoon (20/10). CPO price increases following the increase in soybean oil as a rival. Soybean futures on the Chicago stock exchange rose and traded close to a three-week highs hit earlier this week with prices supported by rising demand, led by Chinese importers.

 

The soybean trade on the Chicago Board Of Trade rose 0.3 percent to $ 9.84 per bushel, after rising 0.9 percent on Wednesday. CPO price most active contract seems to have increased. The contract price in January 2017 which is the most active contract gained as much as 15 ringgit, or 0.55 percent and traded at 2,747 ringgit per tonne.

 

Analyst estimates that the price movement of CPO futures at the next trade has the potential to increase the potential gain in soybean prices in the Chicago Stock Exchange. CPO futures contract prices on commodity exchanges in January 2017 Malaysia has the potential to test resistance level at 2,800 ringgit.

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CPO in Malaysia commodity exchanges in trading Friday afternoon (21/10) was observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session. Crude oil prices are still moving weaker on Asian session, weighed down by a stronger dollar, but supported by signs of the fuel market balance after two years of oversupply.

 

The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract fell by -16 ringgit or -0.60 percent and traded at 2,702 ringgit per tonne.

 

Analyst estimates that CPO price on the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push CPO up. Price movements can also be affected by currency movements Ringgit and the global supply and demand conditions. CPO futures contract prices on commodity exchanges has the potential to test support level at 2,650 ringgit.

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CPO price in Malaysia commodity exchanges Tuesday afternoon (25/10) observed weak. A drop of CPO prices this afternoon triggered by strengthening Ringgit exchange rate against the US dollar and weaker crude oil prices.

 

Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases. Crude oil prices also slumped due to disagreement within OPEC producers on who should cut how much the planned production cuts to shore up prices. 

 

The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. CPO price most active contract today seems weakening as ringgit weakened 1.8 percent and traded at 2,772 ringgit per tonne.

 

CPO futures at the next trade may decline with the potential for strengthening ringgit and weaker crude oil. The price movement can also be influenced by global supply and demand conditions It has the potential to test support level at 2,720 ringgit.

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The price of CPO in Malaysia Commodity Exchange moves up in trading Wednesday (26/10). CPO price increase followed by gains in oil rival in China's Dalian Commodity Exchange and the Chicago Board of Trade.

The January contract for palm on China's Dalian Commodity Exchange rose again on Monday as much as 3.5 percent, touching 5946 yuan ($ 878), the strongest since August 2014. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price rose 34 ringgit, or 1.23 percent and traded at 2,794 ringgit per tonne.

CPO futures at the next trade is projected to rise following the increase in oil prices in China and its rival in the Chicago Stock Exchange. CPO futures has the potential to test resistance level at 2,850 ringgit and 2,900 ringgit. While the support which will be tested if the price fall is at 2,750 ringgit and 2,700 ringgit.