Wednesday 16 March 2011

Palm Oil Sell If 1130am 3255 Or Lower

CPO Futures hourly indicator will face another cut loss and turn sell signal with CBOT soybean oil went limit down. The buying 3354 signal may cut loss at 3319 as a stop loss order after palm oil futures market open.
CPO Futures hourly indicator will only turn sell if 1130am palm oil price is at 3255 or lower which is about 100 ticks lower from yesterday closing price.