Thursday 19 May 2011

CPO Futures Sell If 1230pm 3316 Or Lower

Based on high 3352, CPO Futures hourly indicator will turn sell if palm oil futures price is closed below 3317 at 1230pm today.
CPO Futures profit target 3334 had been done at 3340 this morning while the 3354 target is just 2 ticks away from the high 3352. July contract profit targets 3363 and 3383 also got hit at 3396 at the opening.