Wednesday, January 3, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 3 JANUARY 2018


  • CPO trading range for the day is 555-564.8.
  • Crude palm Oil settled flat on profit booking after prices gained amid supply concern and demand hope.
  • Demand is expected to improve in the coming weeks as key buyer China stocks up ahead of Lunar New Year celebrations.
  • According to South oil mills association of Malaysia palm oil output during Dec 1-20 dropped by 4.20% compared to previous month.
  • Crude palm oil prices in spot market dropped by 3.00 rupees and settled at 552.30 rupees.
  • BUY CPO JAN 2018 @ 558.00 SL 554.00 TGT 561.50-564.50.MCX

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