CPO Futures Buy 3308 At 1230pm

CPO Futures hourly indicator took 55 ticks profit and turned buy 3308 at 1230pm on its July contract month, 3rd contract month, that is the bench mark and most active contract month on crude palm oil futures trading on Bursa Malaysia Derivatives.

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures price is traded 3293 or lower at 4pm today.

News from Bloomberg quoted China will continue buying Malaysia palm oil in "Big" quantities as said by Chinese Premier Wen Jiabao who is in Malaysia for official visit.