The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
Friday, 15 October 2010
15oct2010 - CPO buy if 4pm at 2959 or higher.
Hourly CPO will cut loss and turn buy if 4pm at 2959 or higher. Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate later in the day which I believe will be almost the same figures as cargo surveyor Intertek Agri Services at 590k MT.
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