CPO- the downtrend line stays intact

CPO, which broke above its downtrend line in the middle of June, has once again fallen back below the downtrend line. While not expecting a rally in CPO prices, I was hoping that the breakout of the downtrend line would give some stability to CPO prices and a chance for plantation to stage a recovery. Let's wait & see.

 
Chart 3: CPO's weekly chart as at July 2, 2013 (Source: ifs.marketcenter)