Commodity Trading Tips for Crude palm oil by KediaCommodity

CPO settled up 0.13% at 560.6 tracking firmness in spot demand but the market was rangebound ahead of a key industry report on production and stocks in the world's No. 2 producer. A surge in the palm market prompted a round of profit-taking and a technical correction this week, stretching losses into a fourth straight day and setting prices on track for their biggest weekly loss since end-March. Market players are waiting for official data on Malaysian end-October palm oil stocks, exports and output that will be released on Monday by industry regulator, the Malaysian Palm Oil Board (MPOB).