Friday 6 May 2011

Palm Oil Profit Target 3159 Hit

CPO Futures hourly indicator hit its first profit target 3159 and this had helped recover the early losses accumulated since beginning of this May. Next 3134.
CPO Futures hourly indicator will remain holding sell unless 5pm palm oil futures price is traded above 3227 which is seemed very hard to cross above to become buy signal in 1 hour's time.