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POINTERS 2014 MPOC
Palm Oil Internet Seminar
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Anticipating 2014 Palm Oil Price Direction:
Palm Oil Price Analysis and Outlook 2014
By: Mr. Benny Lee

Mr. Benny Lee is a private trader, trainer, speaker and practitioner of technical analysis for 10 years. He has conducted trading and technical analysis workshops for private and institutional investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam and Pakistan. Some of his courses such as CPE (Continuing Professional Education by the Securities Commission) have been approved in Malaysia. He has also spoken in many international conferences such as GlobOil, India, Gold and Options conferences in Thailand (AFET), the Asean Rubber Conference, Palm Oil Conference in Jakarta, POTS by MPOC (Malaysian Palm Oil Council) and many others. He has also presented in Exchange-organised events in Malaysia, Singapore, Vietnam and Pakistan. He has presented to a wide range of participants from a group of 10 people to a large audience of 500 people. Mr. Lee writes articles on technical analysis for Smart Investor (Monthly financial magazine in Malaysia), Busy weekly (Weekly financial newspaper), Pulses (Monthly financial magazine by the SGX) and Palm Oil Fortune (Monthly Palm Oil publication). He also appeared on Channel News Asia (Singapore) and BFM89.9 (Malaysia) for his views and commentaries on the financial markets. He graduated in Business Administration and obtained the world’s best paper in Financial Management from the Association of Business Executives, U.K.
VIEW PROFILE
The year 2013 has been a consolidation year for crude palm oil price after it trend downwards since April 2012 when price was trading at RM3,600 per metric ton. The lowest price for the year was RM2,250 and the average price was RM2,420. Price has rebounded to the current price of RM2,600 and will the short term bullish trend, which started in the beginning of this year, be able to sustain in year of the wooden horse?


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Questions & Answers (7) :
Benny Lee Wan Yu
3 years ago
Hi Azharuddin, I am sorry. It is still early to see how the current price trend can affect the price trends for 2015. I guess we will have to wait till at least the 3rd quarter to see how price develops.
Benny Lee Wan Yu
3 years ago
Hi Rohit, great to see you here again. With the current momentum i could climb towards the upper resistance at RM2,900 in the next one month.
Azharuddin M Amin
3 years ago
Mr. Benny, Nice to interact with you to talk about CPO price trends. As you mention above that started in the beginning of this year, CPO price be able to sustain in year of the wooden horse. What a bout for the 2015, as we know that in 2015, AEC will be implemented. how it, will affect to CPO price trends
Rohit
3 years ago
Hi Benny! Nice to interact with you again.I want to ask as prices have reached your short term target of 2750 can it see 2800 and above in the short term says next 10-15 days or the uptrend Tgt is achieved?
Rohit
3 years ago
Hi Benny! Nice to interact with you again.I want to ask as prices have reached your short term target of 2750 can it see 2800 and above in the short term says next 10-15 days or the uptrend Tgt is achieved?
Benny Lee Wan Yu
3 years ago
Hi Arun, the market may be a little volatile. Price may peak at RM2,900 by June, but I do no think it will be able to hold at this level. I would not call a bearish second half, but a correction which may pull prices back to RM2,500 - RM2,600 levels.
Arun Goyal
3 years ago
Hello Mr Benny Lee The average BMD FCPO levels as per you for 2014 is 2620. The current / so far levels are of 2600 (avg). As you feel June to be around 2900; are you bearish in second half of the year so that the average becomes 2620?
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