Athena Market Buzz
1600 30012023 Athena Market Buzz Monday Mdex opened firm and as expected the market attempted to jump to RM 4000. We made a days high in April of RM 3991and then we saw some selling and at the time of writing t his report we are trading April at RM 3930 +28. We expect the market to consolidate some here and we would suggest our longs to wait for prices to jump over Rm 4000 to exit and wait for RM 4250-4450 to go short. The supports of Rm 3750 are most likely to hold this week but if the prices go below RM 3750 then one should be ready to make longs between RM 3450-3750. Its been raining a lot in Malaysia and Indonesia with little damage on Palm. CPO price in India have jumped a little higher with indications at USD 1020-1030 against this we have not heard any local trade. CBOT bean oil settled marginally lower on Friday with May at 60.83 -13, July 60.78 -5 which today is trading about 1.4% higher at May 61.44 +82, and July 61.63+81. Basis on other hand have improved to -750 ...