It was sighted a fresh breakout on strong R @ 2870..now it turns to reach a higher price up top 3000...OCTOBER...here we come...~~
lets take a look,, whether it will do once more gap up tomorrow or it will climbs up aggressively..
Some additional information...
Average CPO price rose 3.8% m-o-m and 39% year-on-year (y-o-y) to RM2,924 per tonne in September due to concerns over relatively low inventory levels of palm oil in Malaysia and Indonesia, and that output could disappoint due to labor issues in Malaysia and weather issues.
Tighter inventories, concerns over labor issues in Malaysia and weather concerns may keep crude palm oil (CPO) prices supported in October
.
.
Till Then, Happy trading & TAYOR
lets take a look,, whether it will do once more gap up tomorrow or it will climbs up aggressively..
Some additional information...
Average CPO price rose 3.8% m-o-m and 39% year-on-year (y-o-y) to RM2,924 per tonne in September due to concerns over relatively low inventory levels of palm oil in Malaysia and Indonesia, and that output could disappoint due to labor issues in Malaysia and weather issues.
Tighter inventories, concerns over labor issues in Malaysia and weather concerns may keep crude palm oil (CPO) prices supported in October
.
.
Till Then, Happy trading & TAYOR
