*MARKET TALK: BMD CPO Futures Up Midday On Technical Rebound* (24.07.2008 05:56) [Dow Jones] BMD CPO futures higher on technical rebound, erasing some losses from yesterday's heavy selling, but weakness in other markets still weighing on prices, traders say. Charts show CPO futures technically oversold, says S. Paramalingam, executive director of Malaysia-based commodities brokerage Pelindung Bestari Bhd; adds CPO prices may now start to stabilize, but if fall in crude oil, soyoil futures continues, it will have a spillover impact on palm oil. Benchmark BMD October CPO futures trading MYR59 higher midday at MYR3,086/ton, close to intraday high of MYR3,087. Traders put immediate resistance at MYR3,100.
On Thu, Jul 24, 2008 at 11:29 AM, ys Tjong <[EMAIL PROTECTED]> wrote: > Dear All, > > BMD CPO Futures rebound in Midday 24 July 08 ! > > rgds > >
