KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives end mixed yesterday on profit booking, after eight days of consecutive gain.
Phillip Futures Sdn Bhd derivatives dealer David Ng said despite the anticipation of lower production, persistent weakness in demand could potentially capped the gains.
He said the support level was located at RM2,250 a tonne with immediate resistance at RM2,320 a tonne.
January 2015 and February 2015 gained RM2 each to close at RM2,300 and RM2,296 a tonne, respectively.
March 2015 fell RM2 to RM2,284 a tonne while April 2015 slipped RM6 to RM2,273 a tonne.
Volume increased to 39,969 lots from the 39,627 lots recorded on Monday, while open interest narrowed to 210,049 contracts from 214,483 contracts previously.
On the physical market, January South stood at RM2,305 a tonne. Bernama