Tuesday, 29 March 2011

CPO Futures Hourly Sell 3236 At 1230pm

CPO Futures hourly indicator finally turned sell 3236 at 1230pm with a loss of 10 ticks.
CPO Futures hourly indicator will cut loss and turn buy if 4pm palm oil price is at 3261 or higher.
However, the profit target 3286 earlier done at 3295 had helped reducing the loss ( profit actually ) and the stop loss sell order 3246 yesterday if implemented after the opening today would have reducing the losses too, at above 3240.