Thursday, 11 November 2010

11nov2010 - CPO hit profit target 3433

Hourly cpo futures hit its 40 ticks first profit target and missed by 1 tick on its second profit target of 3453. Hourly cpo indicator extended its overbought zone and may see 3473 if buyers keep aggressively pushing the seller out. Hourly cpo indicator sell if 4pm only go 3412 or lower, based on high 3452.