Thursday, 6 November 2014

Crude Oil 77 Palm Oil 2205

Read back the previous post with titled: "Where Is CPO Futures Price When Crude Oil At 80", if readers traders wish to see cpo futures price is traded below 2200, the crude oil futures in NYMEX may have to go to 77 level.

The hourly indicator Y short 2254 has seen the cpo futures prices went up to high 2275 today before heading down to low 2220. To hit a small target. the cpo futures price may have to sell down to 2204. If crude oil futures can go down from current 78 levels to 77, the first 50 points 2204 profit target should be able to reach!