Friday, March 26, 2010

DJ MARKET TALK:BMD CPO Down In Technical Trade;MYR2,550 Key Level

[Dow Jones] BMD CPO futures down in technical trading; Prices hovering around key MYR2,550 level, say traders. Benchmark June CPO contract down MYR26 at MYR2,549/ton. No trades yet reported in cash market, trading activity on BMD thin, says a Singapore-based trader. Adds participants eager to see if MYR2,550 level will hold; if prices go well below MYR2,550 without possibility of being pushed up by bulls, next support level will be MYR2,500. (

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