- CPO Futures closes higherf
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CPO Futures closes higherf

Last update: 17/05/2018
KUALA LUMPUR, May 17 (Bernama) -- Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on the back of a weaker ringgit.

Phillip Futures Sdn Bhd Derivatives Dealer David Ng said a weaker ringgit would spur demand for CPO in the short-term.

"We locate support at RM2,350 per tonne and resistance at the RM2,450 per tonne level, " he told Bernama.

At 6 pm, the ringgit was quoted lower at 3.9670 against the US dollar from 3.9650 yesterday.

June 2018 rose RM16 to RM2,420 a tonne, July 2018 added RM17 to RM2,427 a tonne, August 2018 gained RM18 to RM2,432 a tonne and September 2018 increased RM19 to RM 2,440 a tonne.....


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