Crude palm oil traded firmer with high volume, up 15 points higher at 2493 in response to steady export figure released that up 1.2% to 1,131,258 tonnes by export cargo surveyor ITS. Hourly chart wise, price tested the physiological level of 2500 and continue to stayed above the middle Bollinger band with the band width narrowing = market upward movement could stay side way range bound for a small while. MACD Histrogram stayed flatted = buyer is still trying to take control of the market. Overall market still favour an upward movment with temporary side way consolidation with immediate support at the middle Bollinger band and resistant at 2520~2525 level.
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