Tuesday, 26 October 2010

26oct2010 - 1230pm CPO Futures remain sell 3055

Hourly cpo futures will only cut loss and turn buy if 4pm at 3081 or higher. Losses have been kept reducing to 84 ticks for this month so far. Judging on the month to month basis, the cpo hourly indicator still performed badly for this month, and it is believed that the coming 2 months will have a better bet as the indicator had been performed very well every year in total for the past 10 years since the data was being collected.