Wednesday 16 March 2011

Palm Oil Sell If 1230pm 3298 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if 1230pm palm oil price is at 3298 or lower.
As today is the new contract month, MAY, position long 3354 was in April contract. Thus, based on 20 points spread, trader must get out their position accordingly when the signal is turned sell if trader did not cut losses at 3319.