The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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.