Showing posts with label MCX crude palm oil. Show all posts
Showing posts with label MCX crude palm oil. Show all posts

Thursday, 22 September 2016

MCX Crude Palm Oil likely to move 582-595.4 levels

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Crude palm Oil on MCX settled up by 0.32% at 590.2 tracking firmness in spot demand despite of weak export data from Malaysia. Palm oil prices were up after stockpiles of the second largest crude oil producer slipped 17.29% to 1.46 million tons in August end compared to 1.770 million tons a month ago, MPBO data showed. Crude palm oil stocks declined 25.78 per cent to 757,405 tonnes in August from 1.02 million tonnes at end-July. The MPOB said processed palm oil stocks dropped 5.73 per cent to 707,086 tonnes in August versus 750,096 tonnes in July.

Technically market is under fresh buying as market has witnessed gain in open interest by 2.82% to settled at 5076 while prices up 1.9 rupee, now CPO is getting support at 586.1 and below same could see a test of 582 level, And resistance is now likely to be seen at 592.8, a move above could see prices testing 595.4.

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Wednesday, 1 July 2015

Crude palm oil futures decline on sluggish spot demand


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Falling for the fourth straight day, crude palm oil prices fell by another 0.13 per cent to Rs 447.20 per 10 kg in futures market today as participants indulged in reducing positions, driven by subdued demand at the spot market.
At Multi Commodity Exchange, crude palm oil for delivery in July fell by 60 paise, or 0.13 per cent to Rs 447.20 per 10 kg in a business turnover of 135 lots.
The oil for delivery in August contracts traded lower by 10 paise, or 0.02 per cent to Rs 447.50 per 10 kg in 46 lots.
Technically market is under short covering as market has witnessed drop in open interest by -11.14% to settled at 5035, now CPO is getting support at 444.3 and below same could see a test of 440.9 level, and resistance is now likely to be seen at 449.9, a move above could see prices testing 452.1.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips , MCX Tips Services  , and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Monday, 22 June 2015

CRUDE PALM OIL DOWN BY 0.8% ON PROFIT-BOOKING

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Amid profit-booking by speculators at prevailing levels and a weakening trend overseas, crude palm oil futures prices fell 0.77% to Rs 455.10 per 10 kg today.
At MCX , crude palm oil for delivery in July eased Rs 3.50, or 0.77%, to Rs 446.50 per 10 kg in a business turnover of 150 lots.
Similarly, the oil for delivery in June traded lower by Rs 3, or 0.66%, to Rs 447.20 per 10 kg in 192 lots.
Technically market is under long liquidation as market has witnessed drop in open interest by -4.54% to settled at 3955 while prices down -0.1 rupee, now CPO is getting support at 447.2 and below same could see a test of 444.2 level, and resistance is now likely to be seen at 453.2, a move above could see prices testing 456.2.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips , MCX Tips Services and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Monday, 15 June 2015

CRUDE PALM OIL FALLS BY 0.5% ON SLUGGISH SPOT DEMAND

Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips , MCX Tips Services Crude palm oil prices fell by 0.50% to Rs 453.20 per 10 kg in futures trade today amid sluggish demand in the spot market.
Also, adequate stock in the market fueled the downtrend.
At Multi Commodity Exchange, crude palm oil for delivery in July month eased by Rs 2.30, or 0.50% to Rs 453.20 per 10 kg in business turnover of 23 lots.
Similarly, the oil for delivery in June contracts shed Rs 2, or 0.44% to Rs 453.40 per 10 kg in 36 lots.
Crude palm oil prices fell by 0.50% to Rs 453.20 per 10 kg in futures trade today amid sluggish demand in the spot market.
Also, adequate stock in the market fueled the downtrend.
At Multi Commodity Exchange, crude palm oil for delivery in July month eased by Rs 2.30, or 0.50% to Rs 453.20 per 10 kg in business turnover of 23 lots.
Similarly, the oil for delivery in June contracts shed Rs 2, or 0.44% to Rs 453.40 per 10 kg in 36 lots.
Analysts said offloading of positions by speculators, triggered by low demand in the spot market against adequate stock , mainly pulled down crude palm oil prices at futures trade.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips , MCX Tips Services and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.


Tuesday, 2 June 2015

PALM OIL DOWN 0.2% ON SUBDUED DEMAND

Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips , MCX Tips Services , MCX crude palm oilCrude palm oil remained weak and prices shed another 0.19 per cent to Rs 466.70 per 10 kg in futures trade today as traders trimmed positions, tracking a weak trend at spot market on sluggish demand.
At the MCX crude palm oil for delivery in July month declined by 90 paise, or 0.19 per cent to Rs 466.70 per 10 kg in business turnover of 39 lots.
Similarly, the oil for delivery in June contracts shed 70 paise, or 0.15 per cent to Rs 465.00 per 10 kg in 83 lots.
Technically market is under fresh buying as market has witnessed gain in open interest by 2.16% to settled at 6523, now CPO is getting support at 460.4 and below same could see a test of 455.1 level, and resistance is now likely to be seen at 469.9, a move above could see prices testing 474.1.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips , MCX Tips Services and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Friday, 29 May 2015

CRUDE PALM OIL SLIP BY 0.2% ON PROFIT BOOKING

 Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips , MCX Tips ServicesCrude palm oil prices eased by 0.22% to Rs 448.90 per 10 kg in futures trade today as speculators booked profits at prevailing high levels coupled with fall in spot demand.
At the MCX crude palm oil for delivery in June month declined by Re 1, or 0.22% to Rs 448.90 per 10 kg in business turnover of 62 lots.
However, the oil for delivery in May held steady at Rs 456.70 per 10 kg in 6 lots.
Market analysts said profit-booking by speculators at existing high levels and fall in demand in the spot market against adequate stocks position mainly kept pressure on crude palm oil prices.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips , MCX Tips Services and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Wednesday, 29 April 2015

CRUDE PALM OIL FALLS BY 0.2% ON HIGHER SUPPLY

Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips  , commodity free tips Continuing its losing streak for the sixth straight day, crude palm oil prices fell further by 0.21% to Rs 436.30 per 10 kg in futures trade today as speculators engaged in trimming positions amid persistent supplies in spot market.
At the MCX Crude Palm Oil for delivery in May month shed another 90 paise or 0.21% to Rs 436.30 per 10 kg in business turnover of 51 lots.
Likewise, the oil for delivery in April contracts weakened by 40 paise or 0.09% to Rs 435.10 per 10 kg in 5 lots.
The market is now keeping an eye on a proposal by top grower Indonesia to impose levies on exports of its crude and processed palm oil that could be approved this week. Technically market is under long liquidation as market has witnessed drop in open interest by -11.82% to settled at 1224 while prices down -4.3 rupee, now CPO is getting support at 434 and below same could see a test of 432.6 level, and resistance is now likely to be seen at 437.7, a move above could see prices testing 440.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips  , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Wednesday, 25 March 2015

CRUDE PALM OIL REMAINS WEAK ON SLUGISH SPOT DEMAND

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Crude palm oil prices fell by 0.11 per cent to Rs 438.50 per 10 kg in futures trade today as participants off loaded positions amid a weak trend at spot market on subdued demand.
At the MCX crude palm oil for delivery in March shed 50 paise, or 0.11 per cent, to Rs 438.50 per 10 kg in a business turnover of 14 lots.
The April contract traded lower by 30 paise, or 0.07 per cent, to Rs 442.50 per 10 kg in 13 lots.
Crude palm oil prices in spot market dropped by 3.20 and settled at 435.10 rupees .
Malaysia palm oil exports during Mar 1-20 dropped 5.54% compared to a month earlier on weak demand.
CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on linkedin and facebook. Get real time advice for Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading Tips  and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900 .

Monday, 23 March 2015

MCX CRUDE PALM OIL GAINS BY 1.2% ON PICKS UP DEMAND


Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading TipsCrude palm oil prices gained 1.17% to Rs 448 per 10 kg in futures trade today as speculators created fresh positions amid pick-up in domestic demand and restricted supplies from producing belts.CPO trading range for the day is 430-445.4.
At the MCX crude palm oil for delivery in April rose by Rs 5.20, or 1.17%, to Rs 448 per 10 kg in business turnover of 380 lots.
Similarly, the oil for delivery in March traded higher by Rs 4.40, or 1%, to Rs 442.50 per 10 kg in 134 lots.
Analysts said fresh positions built up by speculators after pick-up in demand in the spot market against restricted supplies from producing areas mainly led to the rise in crude palm oil prices at futures trade.
Crude palm oil prices in spot market dropped by 2.60 and settled at 436.50 rupees.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also available on linked-in and face book .
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Friday, 13 March 2015

CRUDE PALM OIL GAINS BY 0.6%

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Crude palm oil rose 0.58% to Rs 448.90 per 10 kg in futures trade today as speculators created fresh position amid pick up in domestic demand.
At the MCX crude palm oil for delivery in April edged up by Rs 2.60, or 0.58%, to Rs 448.90 per 10 kg in business turnover of 41 lots.

The oil for delivery in March gained Rs 2.30, or 0.52%, to Rs 448.80 per 10 kg in 70 lots.
Crude palm oil imports rose 72.09% to 580,695 tons in January compared to 337,418 tons in the same period a month ago, data release from the Solvent Extractors Association (SEA) of India showed.
Technically market is under long liquidation as market has witnessed drop in open interest by -6.53% to settled at 2118 while prices down -1.8 rupee, now CPO is getting support at 445.3 and below same could see a test of 444.1 level, and resistance is now likely to be seen at 447.4, a move above could see prices testing 448.3.
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Tuesday, 3 March 2015

PALM OIL DOWN 1.1% ON PROFIT-BOOKING

Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading TipsCPO trading range for the day is 449.4-479.8 . CRUDE PALM OIL futures prices fell 1.11% to Rs 460.50 per 10 kg today after speculators booked profits at prevailing levels amid subdued spot demand.
Palm oil stockpiles also dropped 12.2% to 1.77 million tons as on January end compared to 2.01 million tons a month ago, data showed.
Moreover, lower edible oil prices in global markets weighed on crude palm oil prices.
At the MCX crude palm oil for delivery in April declined by Rs 5.20, or 1.11%, to Rs 460.50 per 10 kg in business turnover of 507 lots.
Similarly, oil for delivery in March declined by Rs 4.80, or 1.04%, to Rs 455.10 per 10 kg in 595 lots.
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Monday, 2 March 2015

CRUDE PALM OIL RISEN BY 1.8%

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MCX CRUDE PALM OIL were up by 1.80% to Rs 474.50 per 10 kg in futures trading today as participants created speculative positions following rising demand in the spot markets amid firming trend overseas.
At the MCX crude palm oil for delivery in March rose Rs 8.40, or 1.80%, to Rs 474.50 per 10 kg in a business turnover of 624 lots.
Likewise, the oil for delivery in April was up by Rs 8.40, or 1.79%, to Rs 476.40 per 10 kg in 412 lots.
Technically market is under fresh selling as market has witnessed gain in open interest by 1.94% to settled at 3682 while prices down -1.5 rupee, now CPO is getting support at 463.5 and below same could see a test of 460.8 level, and resistance is now likely to be seen at 469.4, a move above could see prices testing 472.6.
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Friday, 27 February 2015

MCX CRUDE PALM OIL RISES IN INCREASE DEMAND

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The prices of MCX crude palm oil rose at the domestic commodity market on Friday after traders and speculators booked fresh positions in the agri commodity. Moreover, restricted supplies from the producing areas also supported the agri commodity.
At MCX, CPO futures for February 2015 contract were trading at Rs. 454.50 per kg, up by 0.31 per cent, after opening at Rs. 453.70 against the previous closing price of Rs. 453.70. It touched the intra-day high of Rs. 454.50 till the trading. Malaysia palm oil exports during Feb 1-25 dropped 6.64% compared to a month earlier on subdued demand from China. MalaysiaCrude palm oil prices in spot market gained by 0.90 and settled at 453.10 rupees.
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Wednesday, 25 February 2015

MCX CRUDE PALM OIL FALLS BY 0.3% ON DEMAND

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CRUDE PALM OIL trading range for the day is 448.7-468.3. Crude palm oil prices traded lower by 0.32% to Rs 461 per 10 kg in futures trade today as speculators engaged in reducing positions. 
MCX crude palm oil for delivery in April eased by Rs 1.50, or 0.32%, to Rs 461 per 10 kg in a business turnover of 37 lots.
In a similar fashion, the oil for delivery in March shed Rs 1.10, or 0.24%, to Rs 458.70 per 10 kg in 67 lots.
Malaysia palm oil exports during Feb 1-20 dropped 3.61% compared to a month earlier on weak demand from China and Middle East.
Malaysia palm oil exports slipped to 677,172 tons in Feb 1-20 compared to 702,581 tons for the same period a month ago.
Crude palm oil prices in spot market dropped by 3.10 and settled at 451.20 rupees.
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Friday, 30 January 2015

CRUDE PALM OIL GAINS BY 0.5% ON SPOT DEMAND

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Crude Palm Oil trading range for the day is 414.8-434.6 . Crude palm oil price gained 0.56% to Rs 428.50 per 10 kg in futures trade today after participants created speculative positions on rising demand in spot markets.
MCX Crude Palm Oil for delivery in March rose by Rs 2.40, or 0.56%, to Rs 428.50 per 10 kg in a business turnover of 19 lots.
Likewise, the oil for delivery in February was up by Rs 1.80, or 0.42%, to Rs 424.60 per 10 kg in 101 lots.
Industry regulator the Malaysian Palm Oil Board reported that palm stocks fell 11.6 percent in December from a month before to 2.01 million tonnes, their lowest since July and just below market estimates of 2.02 million tonnes.

Tuesday, 27 January 2015

CASTOR SEED & PALM OIL PRICES DOWN BY 2%


MCX crude palm oil, Castor seed NCDEX, agri commdity tips, free agri calls, Future Trading TipsCASTOR SEED prices declined by Rs 98 to Rs 4,110 per quintal in the futures trading today following trimming of positions by traders amid weak cues from spot as well as overseas markets.
At NCDEX castor seed prices for February fell by Rs 98, or 2.33%, to Rs 4,110 per quintal in an open interest of 1,08,610 lots.
March contracts dipped by Rs 98, or 2.30%, to Rs 4,156 per quintal in an open interest of 66,720 lots.
PALM OIL prices fell by 2.25% to Rs 430.60 per 10 kg in futures trading today as speculators trimmed positions amid a weak trend at spot market on sluggish demand.
MCX crude palm oil for delivery in February fell by Rs 9.90, or 2.25%, to Rs 430.60 per 10 kg in a business turnover of 244 lots.
oil for delivery in January traded lower by Rs 9.40, or 2.16%, to Rs 425.20 per 10 kg in 70 lots.

Thursday, 15 January 2015

MCX CRUDE PALM OIL UP 1.5% ON SPOT DEMAND

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  • CPO trading range for the day is 454-464.2. CRUDE PALM OIL prices moved up by 1.48% to Rs 465.90 per 10 kg in futures market today as speculators indulged in creating fresh positions coupled with rising demand in spot markets.
  • Crude palm oil prices in spot market dropped by 3.50 and settled at 456.00 rupees.
  • MCX crude palm oil for delivery in January rose Rs 6.80, or 1.48%, to Rs 465.90 per 10 kg in a business turnover of 511 lots.
  • Technically market is under long liquidation as market has witnessed drop in open interest by -27.54% to settled at 1521 while prices down -2.6 rupee, now CPO is getting support at 456.5 and below same could see a test of 454 level, And resistance is now likely to be seen at 461.6, a move above could see prices testing 464.2.


Monday, 5 January 2015

CRUDE PALM OIL EXTEND GAINS ON SPOT DEMAND

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  • Continued its rising streak for the third straight day, crude palm oil prices advanced 0.43% to Rs 472.40 per 10 kg in futures market today as speculators enlarged positions, tracking a firm trend at spot market on strong demand.
  • Multi Commodity Exchange, crude palm oil for delivery in far-month February added Rs 2, or 0.43% to Rs 472.40 per 10 kg in business turnover of 282 lots.
  • The oil for delivery in January contract rose by Rs 1.70, or 0.37% to Rs 464.50 per 10 kg in 213 lots.
  • Technically market is under short covering as market has witnessed drop in open interest by -1.13% to settled at 4113 while prices up 1.1 rupee, Now CPO is getting support at 458.4 and below same could see a test of 453.9 level, and resistance is now likely to be seen at 465.7, a move above could see prices testing 468.5.


Friday, 2 January 2015

PALM OIL UP 0.8% ON SPOT DEMAND


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  • CPO prices moved up by 0.82% to Rs 462 per 10 kg in futures market today as speculators indulged in creating fresh positions after demand picked up in spot market.
  • At the MCX, crude palm oil for delivery in January rose Rs 3.80, or 0.82%, to Rs 462 per 10 kg in a business turnover of 113 lots.
  • Similarly, oil for delivery in February edged up by Rs 3.10, or 0.66%, to Rs 468.50 per 10 kg in 56 lots.
  • Technically market is under fresh selling as market has witnessed gain in open interest by 0.39% to settled at 3828 while prices down -2.2 rupee.
  • CPO is getting support at 456.3 and below same could see a test of 454.4 level, and resistance is now likely to be seen at 460.3, a move above could see prices testing 462.4.



Tuesday, 23 December 2014

LATTEST CS AGRI NEWS UPDATE MCX CPO -24 DEC 2014


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  • Crude Palm Oil prices advanced by 0.75% to Rs 427.40 per 10 kg in futures trade today as speculators enlarged positions amid a firming global trend.
  • At the Multi Commodity Exchange, crude palm oil for delivery this month added Rs 3.20, or 0.75%, to Rs 427.40 per 10 kg in a business turnover of 70 lots.
  • The oil for delivery in January next year edged up by Rs 2.50, or 0.58%, to Rs 436.70 per 10 kg in 62 lots.
  • Palm oil rose 0.7% to 2,225 ringgit (USD 636) a metric tonne on Bursa Malaysia Derivatives.
  • Crude palm Oil settled up by 1.27% at 424.2 taking cues from international market following robust demand for Malaysia palm oil.
  • Crude palm oil prices in spot market gained by 3.30 and settled at 418.10 rupees. 
  • Technically market is under short covering as market has witnessed drop in open interest by -2.58% to settled at 2497 while prices up 5.3 rupee. 
  • CPO is getting support at 420.6 and below same could see a test of 416.9 level, and resistance is now likely to be seen at 426.4, a move above could see prices testing 428.5.