CPO Tests Resistance as Momentum Turns Positive

In the wake of the most recent U.S. payroll report which quickly change the view of the timing of the first potential Fed rate hike, palm oil prices have continued to climb.  Prices started to rebound in late August, and are now testing resistance which could prove to be an important pivot point for future prices of CPO.

The commodity space has benefited from a potential weaker U.S. dollar.  Since most…