Tuesday, 19 October 2010

19oct2010 - Buy 2920 at 4pm

Hourly CPO take profit and turn buy at 2920 at 4pm. Here, you need to cover your short in December and Buy  January contract which is the active month now. Hourly CPO will only cut loss and turn sell if 5pm close at 2902 or lower. Accumulated losses is reduced but still considered high, therefore, market seems promising to buy and make good profit this round even though fundamentals news look weak.