Wednesday, 10 August 2011

Palm Oil Sell If 4pm Below 2929

CPO Futures hourly stc indicator will remain buy 2968 unless the 3rd active contract month palm oil futures price is traded 2928 or lower at 4pm later today.
MPOB gave lower end month stock figures (as expected if traders compare the table as shown in http://www.101indicators.com/cpofutures/mpob/ where July closing stock always lower than June closing stock for the past few years.)
Intertek gave first 10 days export of August at 593k tons. Eye on SGS export later.