Palm Oil Sell If 1130am Below 3300

As for yesterday, CPO Futures hourly traders who had put a Sell Stop order at 3293 had saved some losses due to taking no risk on overnight positions when palm oil futures price was traded below the buying price 3308 to a certain level.

CPO Futures hourly traders who hold the buying position may have to take a bitter pill today by waiting until 1130am to do Stop and Reverse position or wait to do Sell Stop 3273 LIMIT 3268 order. If CPO Futures market is opened below 3268, then selling 3268 or better will be the Sell Limit order.

CPO Futures hourly indicator will cut loss and turn sell at 1130am today as long as the palm oil futures price is traded 3299 and lower.