Technically, FCPO indicators have turned around yesterday and are now pointing down. Continued weakness in CBT soyoil is also putting a lot of pressure to FCPO price, while the continuing strengthening of Ringgit is also not helping.
Today support 2360 / 2300 / 2265 while resistance 2435 / 2510 / 2550 / 2630. Watch out for the MPOB June production figures that may cap the downside though.
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