Thursday 16 June 2011

Palm Oil Sell 3224 At 4pm

CPO Futures hourly indicator cut loss and turned selling 3224 at 4pm just now.
The accumulated profit of 167 ticks since the beginning of June had been reduced by about 25 ticks based on the August contract month long at 3247 and sold the August contract when September contract month turned sell 3224 at 4pm.
The hourly indicator will cut loss and turn buy if 5pm palm oil futures price is traded above 3250.