# CPO Futures To See Profit-taking Next Week | Sarawak Tribune

> Analysts expect profit-taking in Malaysian crude palm oil futures next week after a two-week rally, with trading likely between 2,000 and 2,100 ringgit per tonne. Physical demand is seen weak because China is cautious and Indonesia and Malaysia hold large stocks, while MPOB July trade data is awaited.

- Date: 2019-08-10 · published 2019-08-10T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/57680-cpo-futures-to-see-profit-taking-next-week-sarawak-tribune
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Heavy regional stocks and cautious Chinese buying weigh on palm prices, suggesting near-term downside unless speculative buying or new data changes the picture.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- sarawaktribune.com: https://www.sarawaktribune.com/cpo-futures-to-see-profit-taking-next-week/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.