Monday 3 January 2011

CPO Futures Sell if 6pm 3817 or lower

Palm oil futures for hourly indicator will turn sell if 6pm close at 3817 or lower, based on the high 3861.
The target of 100 ticks at 3863 almost hit in the afternoon trading session. If you wish to protect some of your profit, reduce some of your buying positions by putting sell stop at 3843.