Monday, 8 November 2010

08nov2010 - CPO Target Profit start at 3226, 3246, 3266 for today

Hourly cpo futures will set its profit targets starting from 80 ticks from its buying price at 3146. Thus, the target price is 3226 and every 20 ticks higher will be the next profit targets which at 3246, 3266 and 3286 that may be the highest for this single round of trade. Hourly cpo indicator will turn sell based on the high being created for   today. Hourly cpo indicator will turn sell if, at 1130am, cpo price is (nearly) 25 ticks lower from the new high in the first hour of trading for crude palm oil futures in Bursa Malaysia Derivatives.