Tuesday, 26 October 2010

26oct2010 - Hourly CPO Futures Target 3081, 3101 or 3121

Hourly CPO Futures had since been long at 3001 at 1230pm on 22 Oct with good profit in forecast. However, to maximise a profit, targets must be set and it is now at 3081, 3101 and 3121 based on the hourly indicator strategy for this round of trade as the market already approaching a very high overbought zone in such a short term trend.