Tuesday, 19 October 2010

19oct2010 - Buy if 1130am at 2930

Hourly CPO will cut loss turn buy if 1130am at 2930 or higher. Dalian palm oil up and e-CBOT also up since early morning. The profit of selling 2934dec on 14oct at 4pm may have been reduced if there is no profit take at the early 40 and 60pts target which at 2894 and 2874 dec respectively.

Output of 15% higher in October month may have been discount if world commodities remain bullish.