CPO prices set to recover

Yesterday, the Parabolic SAR (SAR stands for 'stop-and-reversal' indicator) has moved below the CPO price. This positive sign could signal the start of a recovery in CPO prices. This should be positive for Plantation stocks. I do not foresee any strong rally there as these stocks have hardly corrected in the past few weeks.


Chart: CPO's daily chart as at July 16, 2009_12.30noon (Source: ifs.marketcenter.com)