Tuesday, 2 November 2010

02nov2010 - CPO Sell if 4pm 3084 or lower

Hourly CPO futures broke 3100 with 20 ticks of gross profit based on the buy signal at 3080. Hourly CPO indicator extended it overbought zone with target 3120 and 3140 as the maximum price it can go. Hourly CPO indicator will turn to sell signal again if 4pm at 3084 or lower, based on the high of 3106. Any new high created will affect the turning sell signal at 4pm.