akhirnya dapat info yg saya cari. rz === Monday June 20, 2005 CPO to be choppy with upward bias Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash Tin
CRUDE palm oil futures prices on the Bursa Malaysia Derivatives surged upwards last week in line with the sharp advanced in the Chicago Board of Trade (CBOT) soyoil futures prices and closed with moderate gains. Concerns about slow palm oil exports and a sluggish physical market had little impact as many traders preferred to cover their shorts last week. Comments by US President George Bush urging lawmakers to pass an energy bill that would increase the usage of soy diesel and ethanol and the drier weather in the US Midwest soybean growing region helped fuel the rally in the soybean complex markets. Malaysian exports of palm oil products for June 1 to 15 dropped 9.6% to 669,259 tonnes from 740,058 tonnes in the same period in May, cargo surveyor Societe Genarale de Surveillance said. A slight delay in India's monsoon rains in major oilseeds, cotton and grain producing areas aided the bullish sentiment. Indian production of oilseeds and grains would be hampered if monsoon rains do not reach states like Mahashtra and Madhya Pradesh within a week. In Madhya Pradesh, sowing of soybean has been delayed by more than a week, as rains were 51% lower than normal during the June 1-8 period. The September 2005 crude palm oil future prices advanced from a weekly low of RM1,364 to RM1,410 and ended the week near its intra- week's high at RM1,409 per tonne, up RM36 from previously. Total volume for the week rose to 26,347 contracts from 15,959 a week ago. Open interest as at Thursday's close was higher at 27,659 contracts from 26,431 a week ago. The daily candlestick chart closed the week constructive and signalled that the newly established upward momentum would sustain. CPO Immediate chart support for the September futures is seen at the RM1,395-RM1,380 level. Chart resistance for this week stands at the RM1,410-RM1,425 level. The daily technical indicators ended the week bullish and indicated that technical strength of the market is still positive. The daily stochastic triggered the short-term buy signal on June 13 and remained positive during Friday's close. The oscillator per cent K ended above the oscillator per cent D and settled the week sharply higher in the bullish extended move zone at 86.11% and 68.69% respectively. The 3-day and 7-day exponentially smoothed moving average price lines (ESA lines) ended with the bullish divergence intact on Friday's close and indicated that the upward cycle would continue. The 3-day and 7-day ESA lines finished the week higher at 1,398 and 1,390 points respectively. --- In obrolan-bandar@yahoogroups.com, "investor_ngesot" <[EMAIL PROTECTED]> wrote: > > jangan2 gara2 minyak lagi seret > > pabrik pupuk gak dapet LNG... > > kesimpulannya ada uang, ada barang.. > > --- In obrolan-bandar@yahoogroups.com, "rpidie" <[EMAIL PROTECTED]> wrote: > > aali pagi ini (selasa 21 juni) bergerak lumayan meskipun pasar sedang > > merah. ada apa? > > > > apa penurunan nilai tukar rupiah jadi pemicunya? kas banyak, hutang > > hampir nol, penghasilan US$; rupiah down, aali up??? > > > > ada masukan? > > > > antm konon mau ke 2700, ehhh malah nyangkut lagi di 2400. payah dah. > > > > salam, > > rz ---------------------------------------------------------- IMQ - THE REAL TIME DATA AND BUSINESS NEWS SERVICE ---------------------------------------------------------- Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/obrolan-bandar/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/