Hourly cpo futures take profit turn sell at 3347 at 1230pm. Hourly cpo futures buy if 4pm 3385 or higher. MPOB figures for October is as follows:
October September Change
Crude Palm Oil Output 1,636,560 1,562,912 Up 4.7%
Palm Oil Exports 1,460,241 1,469,005 Dn 0.6%
Palm Oil Imports 70,295 85,526 Dn 27.0%
Closing Stocks 1,792,840 1,709,913 Up 4.9%
Stocks is below expectation of 1.85mil to 1.9mil MT.