Crude palm oil futures traded 20 points lower to closed the morning session at 2226 with lower volume transacted. Hourly chart price closed below middle Bollinger band with the band width started to turned expanding = market has entered the negative territory. MACD Histrogram getting lower = buyer are not interested to participate heavily in the market at the moment. Seems like FCPO are likely to trade side way or biased to the downside as market awaits for tomorrow export figures before taking any position.
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