CPO Futures hourly indicator will turn buy signal if 4pm palm oil price is at 3311 or higher.
Intertek palm oil export 418k MT is much lower than expectation for the first 15 days of April; judging on the figures, the palm oil export for the whole month of April will be below 1 million MT that will push up the stock even higher than expected as the production of palm oil will definitely increase in April onwards. SGS palm oil export figures for the first 15 days of April will be out in the afternoon which is highly monitored by most trading participants should be able to give more clues about palm oil export for the coming weeks.