Title	Download
Dealmoney - Commodity & Currency Weekly Report - 27-Jan-20	Download pdf

CPO FEB (767)

Sell CPO @ 767 SL 785 TGT 730

• Crude palm oil from last five months was in upwards trajectory

• Price has moved up significantly by 66% in this period. CPO which made low of 492 in month of July tested all time high of 844 recently

• But in last few sessions we are observing price has changed its course and now it is heading downwards

• In this fall it has breached rising trend line which was acting as a support

• We expect after a substantial rise CPO is heading for some corrective move