Monday, 18 July 2011

Palm Oil Futures Sell 3092 At 1230am

With a loss of 39 ticks, CPO Futures hourly indicator cut loss and turned selling 3092 at 1230pm today.
The hourly indicator will only turn buy signal if 4pm palm oil futures price is traded 3135 and above which seem very hard to reach for next hour after selling down of crude palm oil futures on Bursa Malaysia Derivatives this morning.