Target cpo futures price 2205 hit even though crude oil never reach 77. The selling with 2000 lots queuing near 2200 can probably stop buyers from support 2200 level if the sellers' size is genuine.
MPOB will release the official palm oil supply and demand figures on Monday and it may be a bearish figures since the sell down has volume today!
The hourly indicator Y short 2254 will have to hold to Day 4 since it is believed that the stop and reverse buy trade signal will not be triggered at 6pm close today.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
The Most Popular Posts
-
This is about a plan in publishing the stop and reverse trade signals for the whole year 2016 without giving a single comment and also witho...
-
101indicators On Futures Trading book was published in year 2014 through print on demand technique to reach out CPO Futures traders who wis...
-
The CPO Futures's stop and reverse trade signals in year 2017 had generated accumulated gross profit 21 ticks ONLY based on the 101ind...
-
681 points accumulated theoretical gross profit in year 2020 was basically helped by a single trade in January 2020 that being carried forwa...
-
Dear traders, please be informed that all palm oil export data from both palm oil cargo surveyors, Intertek Agri Services and SGS Malaysia, ...