Monday, 18 October 2010

18oct2010 - Hit 2 targets at 2894 and 2874

Hourly CPO (Dec) hit 40 and 60 points target at 2894 and 2874, positions still remain in December contract even though 3rd active month is January contract. Remain holding sell at 2934 unless 1230pm Jan close at 2960 which is very high compare to the price at below 2900 now. Dalian Palm Oil Price hit downward today brought down cpo futures price in BMD.