Monday, 15 August 2011

Palm Oil Export Hit Record High

Palm oil export for the first 15 days that recorded by Intertek has hit a record high with 954k tons as compared with previous 15-day data as shown in .
CPO Futures hourly indicator has reached the 100 points range at 3050 after turning buy 2950. Can it sustain above 100 points?
The hourly indicator will only turn sell signal if palm oil futures price is closed 2982 or lower at 1230pm, based on high 3054.