MARKET TALK:CPO Futures Called To Open MYR10-MYR15 Higher
http://www.sina.com.cn 2007年01月15日 10:05 文华财经
(Dow Jones)--CPO futures called to open MYR10-MYR15 higher, boosted by rally in CBOT soyoil futures. Concerns about steep declines in production this month due to floods in Johor state may also lift prices, traders say. "All the developments over the weekend point to higher prices today," trader in Malaysia says. Benchmark March contract ended +MYR11 at MYR1,889/ton; tipped to test technical resistance at MYR1,920-MYR1,925 today.
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