The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
Wednesday, 27 October 2010
27oct2010 - CPO price sell 3055 remain
Hourly cpo price hit 3010 low which is more than 40 points of 3055 selling price. It will only turn buy if 5pm at 3071 or higher. A stop order may now be placed at 3035 to profit take if trader is not confidence with such a short term down trend. Daily technical indicator remain holding buy that withhold short term seller to be too aggressive after seeing high of 3084.
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