Trader's Comment: CPO futures ended easier but off low on pre-weekend

CPO futures ended easier but off low on pre-weekend short-covering activities emerged. Market today was more or less under selling pressure tracking overnight losses in CBOT and e-CBOT in Asian time zone. NYMEX crude oil also trading in negative tone. Benchmark Nov 08 settled RM 40 lower at 2470 after trading between 2472 to 2414. Total daily volume was good with 15,838 contracts changed hands. BMD launched its USD CPO futures (FUPO) today with lacklustre activities. Only spread between Nov 08/Dec 08 traded at -2.50 points.