CPO Futures Hourly Buy 3294 At 1130am

Without changing of contract month, CPO Futures hourly indicator will now in good profit holding 3383 July contract and can set profit targets at traders' own wishes like 3343 and 3363 which may have done 3343 today.

However, due to change of contract month to August, CPO Futures hourly indicator was hit with another loss selling 3242 and may have to cut loss at 1130am today as long as it is above 3266. Thus, traders now should know why the previous post had long explanation that losses might be over 100 ticks due to discount and change of contract month.

CPO Futures hourly indicator is buy signal now at 1130am at 3294 with a loss of 52 ticks. It will only cut loss and turn sell once palm oil futures is closed 3263 or lower at 1230pm today.