CPO FUTURES EXTEND RALLY TO THIRD CONSECUTIVE SESSION (SCREEN)

ZUFAZLIN BAHARUDDIN

KUALA LUMPUR, March 4 -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its rally to a third consecutive session on bargain buying activities after the recent dips in prices.

Palm oil trader David Ng said the CPO futures contract also ended higher on the back of stronger crude oil prices which lifted market sentiment in the near term.

“We locate support at RM2,450 per tonne and resistance at RM2,600 per tonne,” he told Bernama.