With the increase in inventory level, the CPO price can not hold firmly at 2600 level. The CPO price may trading downward toward RM2350 level if the following happen:
1. export figure decrease
2. production increase
However, the CPO price may rebound back to 2600-2800 in the event the existing cold whether persist and production from other seed oil decrease.
Sort Term Trading Strategy:
Long : Level 1 : 2480
Level 2 : 2430
Level 3 : 2385
Short : Level 1 : 2550
Level 2 : 2580
Level 3 : 2625
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