CPO Futures hourly indicator cut loss and turn buy 3320 with another loss of 36 ticks at 4pm, and this month accumulated profit has been totally wiped out. Here, trader should look back the last few months trades as those past few months had created and handsome profits and it is fair to say that it is acceptable to bear some losses before trader can continue accumulating more profits in the coming months.
CPO Futures hourly indicator will cut loss and turn sell again if 5pm palm oil price is at 3296 or lower. Otherwise hold BUY 3320.