Based on low 3338, CPO Futures hourly indicator will only turn buy signal if 5pm palm oil price is at 3478 or higher. Thus it is very hard to turn buy signal at 6pm too which will remain very high for the turn buy signal.
CPO Futures has hit both profit targets at 3348 and 3328 at 80 and 100 ticks profit respectively. Next target will be 3303 and 3278.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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