CPO active month futures moved perfectly, according to expectations http://www.onestopforseo.com/cr_from_search_engines.html One Stop for SEO . As mentioned in the previous update, a push above 2415 MYR/t could revive bullish hopes again for a move to 2,500 MYR/t or even higher. As cautioned, the 2,475-85 MYR/t could be a significant resistance to surpass in the near-term and prices came off from these levels. The technical picture is increasingly pointing towards a bullish market ahead contradicting prevailing fundamentals as cautioned. An inverted head-and-shoulder pattern is still in the making targeting highs at 2,700 MYR/t levels or even higher. Break and close above 2,505 MYR/t could be the trigger for such a rise. In the coming sessions, we expect prices to find support in the 2,410-20 MYR/t range followed by 2,375-85 MYR/t and could potentially break the crucial resistance at 2,485 MYR/t. Only an unexpected decline below 2,365 MYR/t could dash our bullish hopes.

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