CPO Futures End Higher Amidst Bargain Hunting
KUALA LUMPUR, The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Thursday as investors took advantage of the lower prices, said palm oil trader, David Ng. He said the market sentiment was also positively influenced by the robust soybean oil prices. “We see support at RM3,650 and resistance at RM3,800,” he told Bernama. At the close, spot month August 2024 contract stood at RM3,890 a tonne, September 2024 surged RM45 to RM3,863 a tonne, and October 2024 rose RM31 to RM3,754. November 2024 increased RM15 to RM3,696 a tonne, while December 2024 was up by