Palm Oil outlook still remain firm while Govt action will keep check on prices - Kedia Advisory
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CPO
Palm Oil outlook still remain firm while Govt action will keep check on prices as of now prices are getting support at 1080 as long as prices are above same we can see prices moving towards 1190-1200 level. Be-caution above 1200 level which is neckline for C&H pattern a break and hold above 1200-1220 range can see prices climbing towards 1290-1370 level as energy crises will support all energy prices from coal to oil.
BMD Cpo
BMD Palm Oil as per expectation gained and very well holding 4800 level a break above 5080 on monthly bases can drage the prices towards 5340-5600 level also as energy demand is improving as compare with supply
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