Thursday 28 April 2011

Palm Oil Futures Buy If 1230pm 3301 Or Higher

Based on low 3277, CPO Futures hourly indicator is adjusting its turning buy signal lower. It will take profit and turn buy if palm oil futures price is closed above 3300 at 1230pm today.
Current price is already above 3300, thus it is possible that CPO Futures hourly indicator will turn buy signal at 1230pm unless there is sentiment of selling down to 3300 and below which is not the concern under this blog which is mainly concentrate on simple technical analysis.