CPO appears to have found a bottom - maybe just a temporary bottom - at RM2780 and is now rebounding.
Chart 1: CPO (MYR) daily chart as at Mar 16, 2017 (Source: ifs.marketcenter.com)
CPO (in USD) reflects the same technical picture.
Chart 2: CPO (USD) daily chart as at Mar 16, 2017 (Source: Investing.com)
The recovery in CPO prices could be the catalyst for a play for plantation as better prices coupled with improved FFB output should drive earning higher.
http://nexttrade.blogspot.my/2017/03/cpo-found-its-footing.html
