Monday, 22 November 2010

CPO Futures Sell if 1130am 3222 or lower

CPO hourly indicator will only sell if 1130am at 3222 or lower, which is still over 100 ticks lower from the last closing price. If follow risk reward ratio, the profit taking strategy at 3314, 3334 and 3354 helped to pocket some good profit since cbot's soybean oil futures drop drastically on Friday.