Thursday, July 17, 2008
KLSE recouped from year low
Market tone: weak
FKLI close in positive territory
Market view: cover short position
FCPO broke support level between 3430-3435 level
FCPO losing ground
Breaking news-Crude palm oil prices to rise in 2008/09-analyst
LONDON, July 16 (Reuters) - Crude palm oil prices should rise during 2008/09 with consumption growing at a faster pace than production, Standard Chartered analyst Abah Ofon said in a report on Wednesday.Ofon said production increases in
"In the near term, high energy prices and freight costs will provide some support as will spillover gains from the soy complex on account of tight stocks in the
Trader's Highlight
DJI-NEW YORK, July 16 (Reuters) - U.S. stocks jumped on Wednesday after strong results at Wells Fargo fueled a powerful rally in the battered banking sector and an unexpected leap in U.S. crude supplies led oil prices to fall sharply.The Dow
Data showed
NYMEX-
CBOT-SOYBEANS - August
SOYOIL - August
FCPO-KUALA LUMPUR, July 16 (Reuters) - Malaysian crude palm oil futures lost 2.6 percent on Wednesday as investors fretted over the lack of momentum in export growth while crude oil fell overnight.