Weblog Disclaimer : The information in this weblog has been obtained from sources believed to be reliable. Its accuracy and completeness is not guaranteed and opinions are subject to change without notice. This weblog is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect losses arising from the use of this weblog.
Wednesday, August 13, 2008
Trader's comment: CPO futures surrendered earlier gains to end generally lower
CPO futures surrendered earlier gains to end generally lower due to lack of follow through buying support. Negative news like China and Indian traders had defaulted some contracts due to drop in prices pressuring the market. FCPO prices are still under pressure as fundementals and sentiments remained weak.