Thursday, 11 August 2011

Palm Oil Will Remain Buy 3050 At 5pm

Palm oil futures tested 2980 resistance. If big buyers wish to see higher prices of palm oil, they must charge through 2980 and 3000 resistance and aim at 3020.
CPO Futures hourly stc indicator will remain buy 3050 unless palm oil futures price is traded below 2927 at 5pm, with first profit target at 3000.