mahsyarsaid

JTIASA - Riding the CPO Trend

MYX:FCPO1!   Crude Palm Oil Futures
At this point of time CPO is trading at RM2210, just slightly above the support RM2200.

As majority of the profit from the company are based on revenue of crude palm oil, im taking advantage for short term trade JTIASA riding to the resistance @ 0.525 or 13% with CL @ 0.435
Comment:
JTIASA trading at 490 today with 7% return despite CPO lingers at the support line. Volume will come once CPO make a technical rebound.

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