Palm Oil Report - 10 November 2017 Palm Oil Report - 10 November 2017 | DZHI - DZH International 
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Palm Oil Report - 10 November 2017

  • i2Matrix
  • 10 November 2017
Crude Palm Oil Futures (FCPO) Chart Analysis
 
Crude palm oil pulled back for a correction yesterday as the market anticipates MPOB’s Malaysian palm oil data this afternoon. The FCPO (January 2018 contract) fell RM12 to close at RM2,808 per metric tonne. Technically, the price trend remained bullish above both the short and long term 30 and 200 day moving averages. The RSI indicator is above its mid-level but the decline indicates weaker bullish momentum. The market is expected to trade sideways, waiting for cues from MPOB.

 

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THE PEOPLE

Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

Benny Lee is recognized by the Malaysian and Singapore Stock Exchange as a Credible Trainer. He has also trained professionals in Malaysia under Securities Commission’s Continuous Professional Education (CPE) Program. He is also a market strategist Jupiter Securities Sdn Bhd, a Malaysian stock-broking firm.

Benny has been invited to share his expert opinion in major commodities and financial events in Malaysia, Singapore, India, Indonesia, Vietnam, Thailand, and Romania. His analysis on the financial markets can also be found on a regular basis in leading financial magazines like Smart Investor, Shares Investment Magazine and The Edge Daily in Malaysia, and Pulses Magazine in Singapore. He has also appeared on TV Financial Programs such as Capital TV (Malaysia), Channel News Asia (Singapore) and Sunbiz (Pakistan) to share his views about the markets and technical analysis.

Today, you can find his market comments regularly on The Financial Edge Daily (Wednesdays), Interview on BFM89.9 (www.bfm.my) business radio station on Mondays at 9.00 am, The Busy Weekly, a Chinese business weekly and Palm Oil Fortune (A monthly magazine by the Malaysian Palm Oil Council, MPOC). His views are also regularly quoted on Bloomberg.

For more information, you can visit them at http://www.i2matrix.com

 

 

Benny Lee's interview with Bloomberg Malaysia