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CPO futures poised for technical correction this week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower this week on technical correction following continued speculative play, Interband Group of Companies senior palm oil trader Jim Teh said. ....

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CPO futures to trade sideways next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade sideways next week on lack of market catalysts.
A palm oil trader David Ng said most investors would likely be away preparing for the Hari Raya Aidilfitri celebration and awaiting Malaysian Palm Oil Board (MPOB) data due on May 10.
The rising of COVID-19 cases in India may also affected the palm oil demand from the country, he told Bernama.
Meanwhile, Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa projected the CPO market will be trading based on April s full month supply and demand estimate. ....

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