Friday 6 May 2011

Palm Oil Profit Targets Start 3159 And 3134

CPO Futures hourly indicator turned sell 3229 at 6pm yesterday's close with another loss of 36 ticks. Its will only cut loss and turn buy again if palm oil futures price is traded above 3270 at 1130am today.
Profit targets may start from 3159 and 3134 to recover all the losses incurred from the early of this month and look forward with some good profits to take.