Trader's Comment: CPO futures prices ended sharply lower weighed down by weaker NYMEX crude oil

CPO futures prices ended sharply lower weighed down by weaker NYMEX crude oil. Benchmark Dec08 initially opened RM 43 lower at 2270 and hovering most between 2284-2260 in the morning session before closing at 2261 by midday break. Spill over selling interest were evident at the start of the afternoon session following NYMEX crude oil trade in Asian time zone drop more than USD 3 per barrel. Dec08 price fell to the day low at 2100 before settled at 2125. Total daily volumes stood at 18,832 contracts changed hands.