Tuesday, 16 November 2010

16nov2010 - CPO Sell if 1130am 3329 or lower ( February contract )

Hourly cpo futures turned buy 3370 (January contract) at 6pm close yesterday. Due to change of month for 3rd contract month, hourly cpo indicator will based on February contract now. Therefore, technically, the position now long in February contract at 3375 even though it will not be shown in the indicator.