Crude Palm Oil futures traded up marginally to closed at 2165 despite stronger export data released this morning by ITS cargo surveyor in the 32 points range market. It did open gap up higher at 2175 and climbed 2 points higher to 2177 and dive straight down to the low of 2145. Hourly chart wise look not so encouraging to long position by staying at the mid Bollinger Band with Bollinger Band width also narrowing indicate buying activity are relatively weak. It is also comfirmed by the continue falling MACD Histrogram that falled below to negative territory shows that buyer are no interested to buy at all. Volume transacted is also low at 1951 contracts.
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