Monday 14 March 2011

Profit Target 3286 Get Hit

Profit Target 150 ticks at 3286 is being triggered. Next targets 3261 and 3236 which seem to be very hard to reach at this round of selling trade as indicator has reached a highly oversold zone.
CPO Futures hourly indicator will not turn buy at 1230pm. It will possibly only turn buy easily at 4pm if 1230pm palm oil price is closed above 3310 based on low 3281.