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Trader's comment: CPO futures rose lifted by crude oil and soyoil prices

Posted by Flora Sawita Labels:

CPO futures rose as a rebound in overnight NYMEX crude oil more than USD 4 per barrel and firmer CBOT soy oil prices lifted BMD to stay firm above 3000.Bargain hunting activities saw benchmark Oct 08 was traded in the range of 3000 to 3054 before late short covering interest pushed prices to settle at 3050, up RM 58. Total daily volume stood at 12,067 contracts changed hands.

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