Wilmar (technical)

Note that commodity counters has been underperforming as of late, weighed by lower global commodity prices, due to expected slow down in demand and a strengthening USD. Over night, the CRB Commodities Index fell 1.6% to post its largest decline since Jun '13, weighing across Energy and Material stocks. Wilmar: Technical share price is approaching oversold territory, although there is no signs of a reversal yet. The 2 year low of $3.02 will provide crucial support for share price.