Friday, August 21, 2015

CPO: Pulling away from RM2000

Our Ringgit dropped to a low of 4.19 this morning! How can the Ringgit not drop when two of our export gainers are going lower everyday. You must know that WTIC has been trading at USD40 for the past few days. Now, CPO is pulling away from the RM2000 mark; it closed at RM1900 today. The last time we visited this level on the way down was in October 2008. In that trip, CPO made a low of RM1500! When it rains, it pours.

Chart: CPO's weekly chart as at Aug 21, 2015 (Source:

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