Wednesday 5 January 2011

Palm Oil Sell if 1130am 3871 or lower.

Based on high 3905, cpo futures hourly indicator will cut loss and turn sell if 1130am at 3871 or lower.
Due to high volatility of palm oil futures prices, never put a stop loss order before market open if you are following this hourly indicator. Place the stop order only after market open.
Yesterday price feed problem had damaged all the short term charting on service provider unless you did keep tracking on your own data like what in this blog does on the page " CPO Hourly Indicator ".