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FCPO Trading Room
- Thread starter Bateleur
- Start date
Bateleur
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Assallamualaikum warahmatullahi wabarakatu
Salam jumaat yg penuh barokah..
Technical
Crude palm oil futures traded at Bursa Malaysia Derivatives rebounded sharply from recent declines boosted by bullish export numbers in January.
April contract delivery rose 1.4% or RM43 to settle at 3,072 ringgit per metric ton. Total volume traded recorded at 52,232 lots while open interest rose to 192,259 contracts from 187,773 contracts the prior trading day. The rebound came after the benchmark contract drop to its lowest on Tuesday since Nov 24th. Markets were shut on Monday and Wednesday for holiday.
Market action saw the edible oil price rebounded off Tuesdays day low of 3,014 but still remains below the 10 days moving average line at 3,101
Market still moving below the 50 days MA line at 3,090 serving as the resistance target for now
RSI line has creep up to 47.0 though remains below the 50.0 indicative level as selling pressure continues to dampen markets
Post news of stronger export in January should continue to attract buying support for the market today. Higher soybean Oil price overnight also could help in making the current rebound sustainable. Resistance seen for today at 3,090 and 3,101 further up at 40 days MA line at 3,115 while support should peg at 3,070 and 3,051 further down at 3,014
Fundamental
Shipments rose 4.3% in January to 1.16m metric ton according to SGS. Intertek reported exports rose 8% at 1.18m metric ton in the same period
Soybean Oil futures for March delivery gain 0.8% to USD34.59 cents per pound
Oil heads to 3rd weekly gain as OPEC cuts seen at 60% of target
Salam jumaat yg penuh barokah..
Analisa Crude Palm Oil Futures (FCPO) 03/02/2017
Technical
Crude palm oil futures traded at Bursa Malaysia Derivatives rebounded sharply from recent declines boosted by bullish export numbers in January.
April contract delivery rose 1.4% or RM43 to settle at 3,072 ringgit per metric ton. Total volume traded recorded at 52,232 lots while open interest rose to 192,259 contracts from 187,773 contracts the prior trading day. The rebound came after the benchmark contract drop to its lowest on Tuesday since Nov 24th. Markets were shut on Monday and Wednesday for holiday.
Market action saw the edible oil price rebounded off Tuesdays day low of 3,014 but still remains below the 10 days moving average line at 3,101
Market still moving below the 50 days MA line at 3,090 serving as the resistance target for now
RSI line has creep up to 47.0 though remains below the 50.0 indicative level as selling pressure continues to dampen markets
Post news of stronger export in January should continue to attract buying support for the market today. Higher soybean Oil price overnight also could help in making the current rebound sustainable. Resistance seen for today at 3,090 and 3,101 further up at 40 days MA line at 3,115 while support should peg at 3,070 and 3,051 further down at 3,014
Fundamental
Shipments rose 4.3% in January to 1.16m metric ton according to SGS. Intertek reported exports rose 8% at 1.18m metric ton in the same period
Soybean Oil futures for March delivery gain 0.8% to USD34.59 cents per pound
Oil heads to 3rd weekly gain as OPEC cuts seen at 60% of target
Bateleur
Active Member
- Messages
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- Messages
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- Reaction score
- 107
- Points
- 33
Bateleur
Active Member
- Messages
- 1,514
- Joined
- Sep 22, 2015
- Messages
- 1,514
- Reaction score
- 107
- Points
- 33
Assallamualaikum warahmatullahi wabarakatuh
Technical
Crude palm oil futures traded at Bursa Malaysia Derivatives closed lower on Friday dragged down by drop in Dalian market on its return to trading from Chinese New Year holidays.
April 2017 contract delivery lost RM17 to settle at 3,055 ringgit per metric ton in a tight trading range between day high 3,072 and day low 3,045. Total volume traded recorded at 51,867 lots while open interest declined to 189,910 contracts from 192,259 contracts the prior trading day.
Market action saw the edible oil price failed to follow through with last Thursday gap up which went as high as 3,085 on intraday trade.
Current price still remains below the 20 and 40 days moving average line and noted also below the immediate term 50 days moving average line indicating downside for the coming days
RSI momentum below 50.0 level at 45.0 as sellers gather strength
Support for further decline today looks peg at 3,035 and 3,014 further down at 2,983 while Resistance for the edible oil contract seen at 3,085 and 3,095 further up at 3,100. Concern on rebound in palm production could further dampen the FCPO prices. Rebound on Ringgit (USD/MYR 4.4220 -0.0060) against the US dollar further compound the negative impact. Market is expected to test the Lower Bollinger 3,037 together with several support levels mentioned.
Fundamental
May refines palm oil on Dalian Commodity Exchange closed 1.4% lower at 6,122 yuan per ton
Malaysia palm oil output rebound sign expected in March according to Mistry
Malaysia Palm OIl price may fall to 2,500 ringgit per metric ton by July-Sept according to LMC International Chairman James Fry speaking at Delhi
Soy prices decline for second week on increasing supply. Soybean Oil futures for March delivery drop 2.1% to USD 33.86 cents per pound – first three week drop since Dec 30th.
Analisa Crude Palm Oil Futures (FCPO) 06/02/2017
Technical
Crude palm oil futures traded at Bursa Malaysia Derivatives closed lower on Friday dragged down by drop in Dalian market on its return to trading from Chinese New Year holidays.
April 2017 contract delivery lost RM17 to settle at 3,055 ringgit per metric ton in a tight trading range between day high 3,072 and day low 3,045. Total volume traded recorded at 51,867 lots while open interest declined to 189,910 contracts from 192,259 contracts the prior trading day.
Market action saw the edible oil price failed to follow through with last Thursday gap up which went as high as 3,085 on intraday trade.
Current price still remains below the 20 and 40 days moving average line and noted also below the immediate term 50 days moving average line indicating downside for the coming days
RSI momentum below 50.0 level at 45.0 as sellers gather strength
Support for further decline today looks peg at 3,035 and 3,014 further down at 2,983 while Resistance for the edible oil contract seen at 3,085 and 3,095 further up at 3,100. Concern on rebound in palm production could further dampen the FCPO prices. Rebound on Ringgit (USD/MYR 4.4220 -0.0060) against the US dollar further compound the negative impact. Market is expected to test the Lower Bollinger 3,037 together with several support levels mentioned.
Fundamental
May refines palm oil on Dalian Commodity Exchange closed 1.4% lower at 6,122 yuan per ton
Malaysia palm oil output rebound sign expected in March according to Mistry
Malaysia Palm OIl price may fall to 2,500 ringgit per metric ton by July-Sept according to LMC International Chairman James Fry speaking at Delhi
Soy prices decline for second week on increasing supply. Soybean Oil futures for March delivery drop 2.1% to USD 33.86 cents per pound – first three week drop since Dec 30th.
TT
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Stok minyak sawit Malaysia jatuh ke paras terendah
KUALA LUMPUR 6 Feb: Inventori minyak sawit Malaysia berkemungkinan jatuh ke paras terendah dalam tempoh lima bulan pada akhir Januari, diterajui kejatuhan ketara dalam pengeluaran dan pengukuhan eksport, memperkukuhkan lagi harga yang sudah menjejaki paras tertinggi hampir lebih empat tahun.
Dagangan hadapan minyak sawit di Bursa Malaysia Derivatif susut 3.5 peratus sejak awal tahun, tetapi kekal tidak jauh daripada RM3,202 satu tan yang di cecah pada 19 Disember.
Stok akhir Januari di Malaysia, pengeluar minyak tropika kedua terbesar dunia, jatuh 10.7 peratus kepada 1.49 juta tan berbanding sebulan lalu, demikian menurut ramalan median tujuh syarikat perladangan, pedagang dan penganalisis dalam tinjauan Reuters.
Ini adalah kejatuhan terbesar dalam tempoh lima bulan dan meletakkan stok di paras terendah sejak Ogos, susulan kesan kerosakan tanaman akibat El Nino.
Pengeluaran dijangka jatuh 9.1 peratus kepada 1.34 juta tan, terendah sejak April.
Pengeluaran Januari juga terkesan oleh musim monsun merentas pantai timur Semenanjung dan di Johor, negeri pengeluar sawit terbesar Malaysia, banjir mengganggu tuaian, manakala jalan ke ladang tidak boleh diakses.
Cuti Tahun Baharu Cina pada akhir bulan juga menyumbang kepada pengurangan pengeluaran, yang dijangka berkurangan lagi pada Februari sejajar aliran bermusim, kata penganalisis perladangan di Kenanga Investment Bank, Voon Yee Ping. - Reuters
http://www.bharian.com.my/node/244987
KUALA LUMPUR 6 Feb: Inventori minyak sawit Malaysia berkemungkinan jatuh ke paras terendah dalam tempoh lima bulan pada akhir Januari, diterajui kejatuhan ketara dalam pengeluaran dan pengukuhan eksport, memperkukuhkan lagi harga yang sudah menjejaki paras tertinggi hampir lebih empat tahun.
Dagangan hadapan minyak sawit di Bursa Malaysia Derivatif susut 3.5 peratus sejak awal tahun, tetapi kekal tidak jauh daripada RM3,202 satu tan yang di cecah pada 19 Disember.
Stok akhir Januari di Malaysia, pengeluar minyak tropika kedua terbesar dunia, jatuh 10.7 peratus kepada 1.49 juta tan berbanding sebulan lalu, demikian menurut ramalan median tujuh syarikat perladangan, pedagang dan penganalisis dalam tinjauan Reuters.
Ini adalah kejatuhan terbesar dalam tempoh lima bulan dan meletakkan stok di paras terendah sejak Ogos, susulan kesan kerosakan tanaman akibat El Nino.
Pengeluaran dijangka jatuh 9.1 peratus kepada 1.34 juta tan, terendah sejak April.
Pengeluaran Januari juga terkesan oleh musim monsun merentas pantai timur Semenanjung dan di Johor, negeri pengeluar sawit terbesar Malaysia, banjir mengganggu tuaian, manakala jalan ke ladang tidak boleh diakses.
Cuti Tahun Baharu Cina pada akhir bulan juga menyumbang kepada pengurangan pengeluaran, yang dijangka berkurangan lagi pada Februari sejajar aliran bermusim, kata penganalisis perladangan di Kenanga Investment Bank, Voon Yee Ping. - Reuters
http://www.bharian.com.my/node/244987
TT
CG Super Hardcore Club
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Eksport sawit ke Iran akan naik 40 peratus
TEHRAN: Eksport produk dan minyak sawit Malaysia ke Iran akan meningkat antara 30 hingga 40 peratus tahun depan di bawah satu keutamaan atau perjanjian perdagangan bebas (FTA), daripada 453,172 tan bernilai AS$331 juta yang dicapai pada 2016.
Menteri Perusahaan Perladangan dan Komoditi, Datuk Seri Mah Siew Keong, berkata Malaysia hanya perlu menyelesaikan kaedah cukai semasa yang dikenakan oleh kerajaan Iran ke atas import minyak sawit.
"Jika kita boleh mendapat pengurangan sebanyak 40 peratus, jumlah eksport ke Iran, sudah tentu meningkat sebanyak 30-40 peratus pada tahun depan.
"Itu akan menjadi prestasi utama kami pada 2018," katanya kepada BERNAMA.
Mah berada di Tehran sejak 5 Februari untuk mengetuai Misi Ekonomi dan Teknikal Malaysia berhubung Minyak Sawit, Produk Kayu dan Getah selama tiga hari ke Iran.
Malaysia sedang berunding bagi pengurangan duti ke atas minyak sawit dan komoditi lain terhadap barisan tarif sedia ada di bawah FTA.
Eksport minyak sawit ke Iran dilaporkan menghadapi cabaran sekatan dan dasar diskriminasi ke atas cukai.
Pada 2014, kerajaan Iran mengenakan kuota import ke atas minyak sawit, iaitu jumlah import minyak sawit tidak boleh melebihi 30 peratus daripada jumlah import minyak dan lemak.
Import susut sebanyak 47 peratus daripada 997,000 tan pada 2013 kepada 330,970 tan pada 2015 disebabkan kuota import.
Pada Mac 2016, kuota import dimansuh dan digantikan dengan cukai import yang lebih tinggi sebanyak 40 peratus manakala minyak sayuran lain hanya dikenakan cukai sebanyak 24 peratus.
"FTA perlu disegerakan berikutan ia cara terbaik untuk mengurangkan tarif," kata Mah. - BERNAMA
http://www.bharian.com.my/node/245361
TEHRAN: Eksport produk dan minyak sawit Malaysia ke Iran akan meningkat antara 30 hingga 40 peratus tahun depan di bawah satu keutamaan atau perjanjian perdagangan bebas (FTA), daripada 453,172 tan bernilai AS$331 juta yang dicapai pada 2016.
Menteri Perusahaan Perladangan dan Komoditi, Datuk Seri Mah Siew Keong, berkata Malaysia hanya perlu menyelesaikan kaedah cukai semasa yang dikenakan oleh kerajaan Iran ke atas import minyak sawit.
"Jika kita boleh mendapat pengurangan sebanyak 40 peratus, jumlah eksport ke Iran, sudah tentu meningkat sebanyak 30-40 peratus pada tahun depan.
"Itu akan menjadi prestasi utama kami pada 2018," katanya kepada BERNAMA.
Mah berada di Tehran sejak 5 Februari untuk mengetuai Misi Ekonomi dan Teknikal Malaysia berhubung Minyak Sawit, Produk Kayu dan Getah selama tiga hari ke Iran.
Malaysia sedang berunding bagi pengurangan duti ke atas minyak sawit dan komoditi lain terhadap barisan tarif sedia ada di bawah FTA.
Eksport minyak sawit ke Iran dilaporkan menghadapi cabaran sekatan dan dasar diskriminasi ke atas cukai.
Pada 2014, kerajaan Iran mengenakan kuota import ke atas minyak sawit, iaitu jumlah import minyak sawit tidak boleh melebihi 30 peratus daripada jumlah import minyak dan lemak.
Import susut sebanyak 47 peratus daripada 997,000 tan pada 2013 kepada 330,970 tan pada 2015 disebabkan kuota import.
Pada Mac 2016, kuota import dimansuh dan digantikan dengan cukai import yang lebih tinggi sebanyak 40 peratus manakala minyak sayuran lain hanya dikenakan cukai sebanyak 24 peratus.
"FTA perlu disegerakan berikutan ia cara terbaik untuk mengurangkan tarif," kata Mah. - BERNAMA
http://www.bharian.com.my/node/245361
Bateleur
Active Member
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Assallamualaikum warahmatullahi wabarakatuh
Technical
Malaysian palm oil futures rose on Tuesday amid the traders are speculating the local palm supply level outlook.
April led the rest of contract months, closed RM14 higher after swinging RM3,057 to RM3,094 throughout the day before settled at RM3,082. Total volume up to 54,884 contracts however open interest was at 195,341 contracts, shows traders unwilling to put more bets overnight before the production report is released on Friday.
The numbers estimated by Malaysian Palm Oil Association shows palm inventory may deteriorate by 13.1% on month-to-month basis. The stocks possibly will decrease to at least 1.28 million tons.
RSI reading indicates the market is stabilized to 50; where at close it shows 45.85.
Although the CBOT soybean oil recorded gains on last night session, local market is pessimist that sentiment in Chicago will be transmitted to Malaysian palm as Commodity Channel Index for 14 days shows insufficient momentum to verify the buying signal.
As the market will halt on Thursday, we expect the palm will move sideways today, with the possibilities on downside bias due to the progression of profit taking on the previous session.
However we might see Malaysian CPO try to touch RM3,100 which is the first resistance level. While support are at RM3,061 and RM3,040. The price as at close yesterday shows palm is stuck in the lower line of Bollinger Bands throughout the day.
Fundamental
Soybean oil’s premium over palm oil at ~$66/ton vs avg ~$91 over past year.
MPOB is scheduled to release the production report on Friday.
Palm oil’s premium over gasoil at ~$202/ton vs avg ~$224 over past year.
Ringgit opened slightly lower against the US dollar today on the strengthening of the latter and tracking a weaker oil market.
Analisa Crude Palm Oil Futures (FCPO) 08/02/2017
Technical
Malaysian palm oil futures rose on Tuesday amid the traders are speculating the local palm supply level outlook.
April led the rest of contract months, closed RM14 higher after swinging RM3,057 to RM3,094 throughout the day before settled at RM3,082. Total volume up to 54,884 contracts however open interest was at 195,341 contracts, shows traders unwilling to put more bets overnight before the production report is released on Friday.
The numbers estimated by Malaysian Palm Oil Association shows palm inventory may deteriorate by 13.1% on month-to-month basis. The stocks possibly will decrease to at least 1.28 million tons.
RSI reading indicates the market is stabilized to 50; where at close it shows 45.85.
Although the CBOT soybean oil recorded gains on last night session, local market is pessimist that sentiment in Chicago will be transmitted to Malaysian palm as Commodity Channel Index for 14 days shows insufficient momentum to verify the buying signal.
As the market will halt on Thursday, we expect the palm will move sideways today, with the possibilities on downside bias due to the progression of profit taking on the previous session.
However we might see Malaysian CPO try to touch RM3,100 which is the first resistance level. While support are at RM3,061 and RM3,040. The price as at close yesterday shows palm is stuck in the lower line of Bollinger Bands throughout the day.
Fundamental
Soybean oil’s premium over palm oil at ~$66/ton vs avg ~$91 over past year.
MPOB is scheduled to release the production report on Friday.
Palm oil’s premium over gasoil at ~$202/ton vs avg ~$224 over past year.
Ringgit opened slightly lower against the US dollar today on the strengthening of the latter and tracking a weaker oil market.
TT
CG Super Hardcore Club
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- Jan 13, 2009
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Stok minyak sawit pada Januari susut 7.55 peratus kepada 1.54 juta tan metrik
KUALA LUMPUR 10 Feb.- Stok minyak sawit Malaysia pada Januari 2017 susut 7.55 peratus kepada 1.54 juta tan berbanding 1.67 juta tan pada Disember tahun lepas.
Dalam kenyataan hari ini, Lembaga Minyak Sawit Malaysia (MPOB) berkata stok minyak sawit mentah (MSM) merosot sebanyak 10.63 peratus kepada 783,844 tan pada Januari berbanding 877,082 pada bulan sebelumnya.
Katanya stok minyak sawit diproses turun sebanyak 4.13 peratus kepada 756,988 tan pada Januari berbanding 788,741 tan pada Disember tahun lepas.
Mengenai pengeluaran, MPOB berkata, pengeluaran MSM pada Januari merosot kepada 1.28 juta tan daripada 1.47 juta tan pada Disember.
Pengeluaran isirong sawit susut kepada 310,224 tan pada Januari berbanding 346,520 tan pada bulan sebelumnya.
Mengenai eksport, katanya permintaan biodiesel pada Januari melonjak kepada 401 tan berbanding 55 tan pada Disember, manakala minyak sawit naik kepada 1.28 juta tan berbanding 1.27 juta tan pada Disember.
MPOB berkata eksport minyak isirong sawit susut kepada 64,631 tan daripada 79,209 tan pada Disember.
Eksport dedak isirong sawit merosot kepada 187,017 tan pada Januari daripada 195,855 tan pada Disember, manakala oleokimia turun kepada 211,293 tan daripada 224,283 tan. - BERNAMA
http://www.utusan.com.my/bisnes/eko...-peratus-kepada-1-54-juta-tan-metrik-1.442807
KUALA LUMPUR 10 Feb.- Stok minyak sawit Malaysia pada Januari 2017 susut 7.55 peratus kepada 1.54 juta tan berbanding 1.67 juta tan pada Disember tahun lepas.
Dalam kenyataan hari ini, Lembaga Minyak Sawit Malaysia (MPOB) berkata stok minyak sawit mentah (MSM) merosot sebanyak 10.63 peratus kepada 783,844 tan pada Januari berbanding 877,082 pada bulan sebelumnya.
Katanya stok minyak sawit diproses turun sebanyak 4.13 peratus kepada 756,988 tan pada Januari berbanding 788,741 tan pada Disember tahun lepas.
Mengenai pengeluaran, MPOB berkata, pengeluaran MSM pada Januari merosot kepada 1.28 juta tan daripada 1.47 juta tan pada Disember.
Pengeluaran isirong sawit susut kepada 310,224 tan pada Januari berbanding 346,520 tan pada bulan sebelumnya.
Mengenai eksport, katanya permintaan biodiesel pada Januari melonjak kepada 401 tan berbanding 55 tan pada Disember, manakala minyak sawit naik kepada 1.28 juta tan berbanding 1.27 juta tan pada Disember.
MPOB berkata eksport minyak isirong sawit susut kepada 64,631 tan daripada 79,209 tan pada Disember.
Eksport dedak isirong sawit merosot kepada 187,017 tan pada Januari daripada 195,855 tan pada Disember, manakala oleokimia turun kepada 211,293 tan daripada 224,283 tan. - BERNAMA
http://www.utusan.com.my/bisnes/eko...-peratus-kepada-1-54-juta-tan-metrik-1.442807
