Thursday 30 June 2011

Palm Oil Sell If 6pm 3093 Or Lower

CPO futures hourly stc indicator will turn sell signal if palm oil futures price is closed below 3094 at 6pm today.
It seems that profit maximisation strategy helps protecting some good profits this round at 3115 and 3135.

Palm Oil Sell If 5pm 3074 Or Lower

CPO Futures hourly indicator will turn sell if 5pm palm oil futures price is traded below 3075 which was the turn buy signal on 28th of June.

Palm Oil Sell If 4pm Below 3065

CPO Futures hourly indicator turn sell signal is adjusted higher for 4pm trading signal. The hourly indicator will turn sell once palm oil futures price is traded 3064 or lower at 4pm.
Intertek and SGS gave this month export of palm oil at 1.44 and 1.43 million metric tons as traders can see the data that had been updated in the CPO Data page to compare with the previous updated data.

Palm Oil Hit 3135 Profit Target

CPO Futures hourly indicator had hit its second profit target at 3135 this morning for its profit maximisation strategy.
The hourly indicator will remain buying unless 1230pm palm oil is traded 3053 or lower which is still considered far away.

Palm Oil 2nd Profit Target 3135

CPO Futures hourly indicator will be hard to turn selling for this morning trading session unless palm oil is traded 3050 level.
Profit target is set at 3135 and 3155 after taking the first profit at 3115 yesterday.

Wednesday 29 June 2011

Palm Oil Hit Target 3115

CPO Futures hourly indicator will only turn sell if palm oil futures price is closed 3046 or lower at 6pm today.
First profit target for palm oil futures at 3115 was hit today.

Palm Oil Profit Targets 3115 and 3135

After turning buy 3075, CPO Futures hourly indicator will have its targets for profit taking at 3115 and 3135 today. The hourly indicator will be hard to turn sell at 4pm today as palm oil futures will be hard to reach such a low level unless a bearish fundamental news.

Palm Oil Sell If 1130am 3050 Or Lower

Based on low 3038, CPO Futures hourly indicator will remain buy 3075 unless palm oil futures price is traded 3050 or lower at 1130am today.
(If palm oil futures price at 1130am is above 3075, CPO Futures hourly indicator will turn sell signal if 1230pm palm oil price is below 3048.)

Tuesday 28 June 2011

Palm Oil Sell If 6pm 3048 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures price is closed 3048 or lower at 6pm today, which is not far away from the current price at 3062.

Palm Oil Sell If 5pm 3046 Or Lower

CPO Futures hourly indicator will cut loss and turn sell once palm oil futures price is traded 3046 or lower at 5pm today.

Palm Oil Sell If 4pm 3042 Or Lower

CPO futures hourly indicator will remain buy 3075 unless palm oil futures price is sold down and traded 3042 or lower at 4pm.

Palm Oil Buy 3075 At 1130am

CPO Futures hourly indicator took profit 103 ticks and turned buy 3075 at 1130pm just now. The hourly stc indicator will cut loss and turn sell if palm oil futures price is closed 3045 or lower at 1230pm today.

Palm Oil Buy If 1130am 3060 And Above

Based on low 3038, CPO Futures hourly indicator short position 3178 hit 140 ticks range and will turn buy if palm oil futures price is traded 3060 or higher at 1130am today.

Monday 27 June 2011

Palm Oil Buy If 6pm 3090 And Above

Based on low 3070, CPO Futures hourly indicator will turn buy signal when 6pm palm oil futures price is closed at 3090 or higher.

Palm Oil Buy If 5pm Above 3092

Based on low 3070, CPO Futures hourly indicator will turn buy once palm oil futures price is traded 3093 and above at 5pm.
Profit target 3078 was also hit in the 4pm session.

Palm Oil Buy If 4pm Above 3110

Based on low 3085, CPO Futures hourly indicator will turn buy signal once 4pm palm oil futures price is traded above 3110 today.
Both palm oil cargo surveyors gave 1.25 and 1.27 millions tons of palm oil export for the first 25 days of June.

Palm Oil 2nd Profit Target 3098 Hit

CPO Futures hourly indicator will turn buy signal if 1230pm palm oil futures price is closed 3115 and above.
The 2nd profit target for this palm oil hourly indicator at 3098 was hit at the opening bell today. Eye on 3078 now.

Palm Oil Buy If 1130am 3130 Or Higher

Based on low 3103, CPO Futures hourly STC indicator will turn buy signal once palm oil price is traded 3130 and above at 1130am today.

Friday 24 June 2011

Palm Oil Buy If 6pm Above 3135

CPO Futures hourly indicator will turn buy signal if 6pm palm oil futures price is closed 3136 or higher.

Palm Oil Futures Profit Target 3118 Hit

Based on low 3104, CPO Futures hourly indicator will turn buy signal once palm oil futures price is traded above 3147 at 5pm.
Profit target 3118 was hit and eye on 3098 now.

Palm Oil Remain Sell 3178 Unless 1230pm Above 3172

CPO Futures hourly indicator will turn buy signal if palm oil futures price is traded 3173 or higher at 1230pm today, based on low 3123.

Palm Oil Hourly Profit Targets 3118

Using STC indicator, CPO Futures hourly indicator may start its profit maximisation targets from 3118 and 3098.
The hourly indicator will only turn buy signal if 3rd contract month palm oil futures price is traded above 3185 based on low 3130.

Thursday 23 June 2011

Palm Oil Futures Buy If 6pm Above 3193

Based on palm oil futures low 3140 today, CPO Futures hourly indicator will remain sell unless 6pm palm oil futures price is closed above 3193

Palm Oil Futures Buy If 5pm 3193 Or Higher

Based on low 3140, CPO Futures hourly indicator will initiate a stop and reverse buy signal once palm oil futures price is traded above 3192 at 5pm today.

Palm Oil Futures Buy If 4pm Above 3195

CPO Futures hourly indicator will turn buy signal if palm oil futures price is traded 3196 or higher at 4pm today.

CPO Futures Buy If 1230pm 3203 And Above

CPO Futures hourly indicator will remain sell 3178 unless palm oil futures price is closed above 3202 at 1230pm today, based on low 3140.

Palm Oil Futures Sell 3178 At 6pm

CPO Futures hourly indicator cut loss 35 ticks and turned sell 3178 at 6pm close yesterday. Accumulated profit for June had been reduced to 127 ticks.
The hourly indicator stop and reverse buy signal will be 3211 or higher at 1130am today (refer to FCPO page on 101indicators.com or click HERE)

Wednesday 22 June 2011

Palm Oil Futures Sell If 6pm 3198 Or Lower

CPO Futures hourly indicator will cut loss and turn sell signal if palm oil futures price is closed below 3199 which is just few ticks away from the current price.

Palm Oil Futures Sell If 5pm Below 3190

CPO Futures hourly indicator will turn sell once palm oil futures price is traded below 3190 at 5pm.

Palm Oil Sell If 4pm 3183 Or Lower

CPO Futures hourly indicator is still holding its long 3213 and palm oil futures price had only gone up to 3237 so far.
The hourly indicator will turn sell signal if 4pm palm oil futures price is traded below 3184.

CPO Futures Sell If 1230pm 3180 Or Lower

CPO Futures hourly indicator will only turn sell signal if 1230pm palm oil futures price is closed 3180 or below which is remaining low.

CPO Futures Profit Targets 3253 And 3273

CPO Futures hourly indicator is still holding its long 3213 and will only turn sell signal if 1130am palm oil futures price is traded 3184 or lower which is adjusted lower compared to previous post indicative price.
Eye on profit targets 3253 and 3273.

Tuesday 21 June 2011

CPO Futures Sell If 6pm Below 3190

CPO Futures hourly indicator will sell if palm oil futures price is closed 3189 or lower at 6pm.

Palm Oil Futures Sell If 5pm 3193 Or Lower

CPO Futures hourly indicator is still holding its long 3213 and will turn sell only if palm oil futures is traded 3193 or lower at 5pm.

Palm Oil Futures Sell If 4pm 3197 Or Lower

CPO futures hourly indicator will turn sell signal once 4pm palm oil futures price is traded below 3198. It seems that this will be a losing trade as the last traded price was always below 3213.

Palm Oil Sell If 1230pm 3195 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures price is traded 3195 or lower at 1230pm today,

Palm Oil Sell If 1130am 3197 Or Lower

Palm oil futures third contract month, September, was traded lower at yesterday close especially in the last 15 minutes before 6pm there was a sell down and closed 3193.
CPO Futures hourly indicator will cut loss and turn sell if palm oil futures price is traded 3197 or lower at 1130am today, or else hold long 3213.

Monday 20 June 2011

Palm Oil Futures Sell If Close Low

CPO Futures hourly indicator will turn sell signal if palm oil futures price is closed at today's low 3189 or even lower. Otherwise remain long 3213.

Palm Oil Futures Sell If 5pm 3180 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if 5pm palm oil futures price is traded 3180 or lower.
SGS palm oil export first 20 days of June is at 973k tons.

Palm Oil Futures Sell If 4pm 3175 Or Lower

If palm oil futures price is traded below 3176 at 4pm this afternoon, CPO Futures hourly indicator may turn sell signal.
Eye on SGS palm oil export figures for afternoon session.

Palm Oil Buy 3213 At 1130am

CPO Futures hourly indicator took profit and turned buy 3213 at 1130am. The hourly indicator will cut loss and turn sell if palm oil futures price is traded 3177 or lower at 1230pm.
Intertek gave palm oil export for the first 20 days at 970k tons.

Palm Oil Buy If 1130am 3190 And Above

If palm oil futures price is traded 3190 and above at 1130am today, cpo futures hourly indicator will turn buy signal.
Palm oil futures price was closed 3198 on last Friday 6pm.

Friday 17 June 2011

Palm Oil Buy If 6pm Above 3207

CPO Futures hourly indicator will turn buy signal if palm oil futures price is closed 3208 and above at 6pm today, based on low 3163, which is getting lower as compared to previous post.

Palm Oil Hit First Profit Target 3174

CPO Futures hourly indicator hit its first profit target at 3174, eyeing next 3149.
The hourly indicator will turn buy if 5pm palm oil futures is traded above 3220, based on low 3169.

Palm Oil Buy If 4pm 3236 Or Higher

CPO Futures hourly indicator will turn buy signal once palm oil futures price is traded above 3235 at 4pm today.

Palm Oil Buy If 1230pm Above 3245

CPO Futures hourly indicator will remain sell 3224 unless palm oil futures is closed 3246 and above at 1230pm, based on low 3185.

Palm Oil Profit Targets 3174 And 3149

CPO Futures hourly indicator will only cut loss and turn buy if palm oil futures price is traded above 3256 at 1130am, based on low 3193.
Palm oil profit targets may start at 3174 to 3170 and 3149 to 3145.

Thursday 16 June 2011

Palm Oil Buy If 6pm 3254 Or Higher

CPO futures hourly indicator will only turn buy signal when palm oil futures price is closed above 3253 at 6pm today. Otherwise, hold short 3224.
Traders may see CPO Futures hourly indicator data in FCPO page in 101indicators.com with extra indicator for viewing.

Palm Oil Sell 3224 At 4pm

CPO Futures hourly indicator cut loss and turned selling 3224 at 4pm just now.
The accumulated profit of 167 ticks since the beginning of June had been reduced by about 25 ticks based on the August contract month long at 3247 and sold the August contract when September contract month turned sell 3224 at 4pm.
The hourly indicator will cut loss and turn buy if 5pm palm oil futures price is traded above 3250.

Palm Oil Sell If 4pm Below 3240

CPO Futures hourly indicator will do a stop and reverse position once palm oil futures price is traded 3239 or lower at 4pm today.

Palm Oil Sell If 1230pm 3235 Or Lower

CPO Futures hourly indicator will cut loss and turn sell once 1230pm palm oil futures price is closed 3235 or lower today. The turn sell signal has been adjusted from 3222 (1130am) to 3235 now which is getting closer.

Palm Oil Sell If 1130am 3222 Or Lower

CPO Futures hourly indicator turn sell signal will be 3222 or lower for 1130am today which seems keep hovering between 3220 to 3237 in the past few trading sessions.

Wednesday 15 June 2011

Palm Oil Sell If 6pm 3221 Or Lower

CPO Futures hourly indicator will only turn sell signal if palm oil futures price at 6pm is closed below 3222.

Palm Oil Sell If 5pm 3227 Or Lower

CPO Futures hourly indicator turn sell signal is getting lower below 3228 for 5pm which seem to be very hard to reach.
Profit target 3287 will be just 2 ticks away from the current high 3285.

Palm Oil Sell If 4pm 3235 Or Lower

CPO Futures hourly indicator is adjusting its turn sell signal 1 tick by 1 tick since morning. The hourly indicator will only turn sell signal if palm oil futures is traded 3235 or lower at 4pm today.

Palm Oil Sell If 1230pm 3236 Or Lower

CPO Futures hourly indicator will still remain its buying 3247 unless palm oil futures is traded below 3237 at 1230pm.

Palm Oil Sell If 1130am 3237 Or Lower

CPO Futures hourly indicator will turn sell signal once palm oil futures price is traded 3237 or lower at 1130am today. Otherwise, remain long 3247 and profit targets start 3287.

Tuesday 14 June 2011

Palm Oil Sell If 6pm Close Low

CPO Futures hourly indicator will cut loss and turn selling if palm oil futures price is closed at low 3238 or even lower at 6pm today.

Palm Oil Sell If 5pm 3232 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures price is traded 3232 or lower at 5pm.
It seems that the hourly indicator will miss its profit target price again like the previous selling trade which low was 3199 but target was 3196.

Palm Oil Sell If 4pm Below 3225

CPO Futures hourly indicator will cut loss and turn sell once palm oil futures price is traded 3224 or lower at 4pm later today.

Palm Oil Sell If 1230pm 3214 Or Lower

CPO Futures hourly indicator will remain buy 3247 unless palm oil futures price is traded below 3215 at 1230pm.

Palm Oil Profit Targets Start 3287

CPO Futures hourly indicator will cut loss and turn sell if 1130am palm oil is traded 3214 or lower which is seemed hard to reach at 1130am.
Profit targets may start at 3287 and 3307.

Monday 13 June 2011

Palm Oil Buy 3247 At 4pm

CPO Futures hourly indicator cut loss 1 tick and turned buy 3247 at 4pm.
The hourly indicator will remain buy unless 5pm palm oil is traded 3223 or lower.

Palm Oil Buy If 4pm 3238 Or Higher

Based on low 3199, CPO Futures hourly indicator will turn buy signal if palm oil futures price is traded 3238 and above at 4pm today.

Palm Oil Buy If 1130am Above 3250

CPO Futures hourly indicator will remain its sell 3246 on Friday 5pm selling signal unless palm oil futures is traded above 3250 at 1130am today.
Profit target may be started placing at 3196.

Friday 10 June 2011

Palm Oil Sell 3246 At 5pm

CPO Futures hourly turned sell 3246 at 5pm with a loss of 41 ticks against its long 3287.
The hourly indicator will cut loss and turn buy if palm oil futures price is closed 3250 and above which is just 4 ticks away from the selling 3246.

Palm Oil Sell If 5pm 3251 Or Lower

CPO Futures hourly indicator almost cut loss and turn sell at 4pm 3232 and lower.
The hourly indicator will cut loss and turn sell if 5pm palm oil is traded below 3252, the stop limit order which suggested in the morning post.
Traders who put the stop limit order at 3252 had been triggered with loss of over 30 ticks but may have protected from further losses.
MPOB stock was higher than expected at 1.95 million tons. Intertek and SGS gave palm oil export at 395k and 412k tons for the first 10 days of June.

Palm Oil Sell If 4pm 3232 Or Lower

CPO Futures hourly indicator will remain buy 3287 unless palm oil futures price is traded below 3233 at 4pm today.

Palm Oil Sell If 1230pm 3227 Or Lower

CPO Futures hourly indicator will cut loss and turn sell signal if palm oil futures price is traded and closed below 3228 at 1230pm. As it is about 60 ticks below buying 3287, stop limit order may be placed at 3252 for traders who do not wish to take 60 ticks risk of losses.
Eye on MPOB and both palm oil export from Interek and SGS today.

Palm Oil Buy 3287 At 6pm Yesterday

Palm oil hit the low 3213 yesterday had affected the turn buy signal drastically at any price above 3250 at 6pm close and finally it was 3287 being the CPO Futures hourly indicator buy signal at 6pm.
CPO Futures hourly indicator will cut loss and turn sell if palm oil futures price is traded below 3230 which is almost 60 ticks below its buying 3287.

Thursday 9 June 2011

Palm Oil Hit New Low 3213

CPO Futures hourly indicator will based on low 3213 to turn buy signal at any level above 3250 at 6pm.
Based on selling 3409 and low 3213, CPO Futures hourly indicator hit a range of almost 200 ticks.

Palm Oil Buy If 6pm 3329 Or Higher

CPO Futures hourly indicator will turn buy signal if palm oil futures is closed above 3328 at 6pm.

Palm Oil Buy If 5pm Above 3327

CPO Futures hourly indicator buy once 5pm palm oil futures is traded 3328 and above on Bursa Malaysia Derivatives.
Palm oil futures almost hit 3304 profit target after the opening of afternoon trading session.

Palm Oil Buy If 4pm 3337 Or Higher

CPO Futures hourly indicator will take profit and turn buy if palm oil futures price is traded above 3336 at 4pm later today.

Palm Oil Buy If 1230pm Above 3342

CPO Futures hourly indicator will take profit and turn buying once palm oil futures price is traded 3343 or higher at 1230pm today.
It seems that the profit target of 100 ticks at 3404 will be missed as the turn buy signal is near to current market price now.

Palm Oil Buy If 1130am Above 3348

The last hour sold down on palm oil futures prices was holding the CPO Futures hourly indicator from turning buy signal at 6pm yesterday which was to near to the market price when the comment was written.
As the palm oil futures price was closed at low, CPO Futures hourly indicator is adjusting its turn buy signal now at 3349 or higher at 1130am today, that is, buy if 1130am palm oil futures price is above 3348.

Wednesday 8 June 2011

Palm Oil Buy If 6pm Above 3342

CPO Futures hourly indicator turn buy signal is getting closer to current palm oil futures market price.
The indicator will take profit and turn buy once palm oil is closed 3343 and above at 6pm market close.

Palm Oil Buy If 5pm 3350 And Above

CPO Futures hourly indicator will turn buy signal once palm oil price is traded 3350 and above at 5pm.

Palm Oil Futures Buy If 4pm Above 3365

CPO Futures hourly indicator will take profit and turn buy if palm oil price is traded 3366 and above at 4pm.

Palm Oil Futures Hit 3329 Profit Target

CPO futures hourly indicator hit its profit maximization 2nd profit target at 3329 at opening bell. It almost hit its 3rd target at 3309 too.
CPO Futures hourly indicator will turn buy only when palm oil price is traded 3377 and above at 1230pm close today, based on low 3313.

Crude Palm Oil Futures Buy If 1130am 3399 And Above

Based on low 3343, CPO Futures hourly indicator will turn buy once palm oil futures price is traded 3399 and above at 1130am today.
Second profit targets at 3329 may still be placed under trader's own discretion.

Tuesday 7 June 2011

CPO Futures Buy If 6pm Above 3401

CPO Futures hourly indicator will turn buy signal once 3rd active month crude palm oil future is closed 3402 and above at 6pm market close.

CPO Futures Buy If 5pm 3411 Or Higher

Palm oil Futures hourly traded higher in the afternoon session and this had bring down the CPO Futures hourly indicator turn buy signal from 3437 to 3411, that is, the hourly indicator will turn buy once 5pm palm oil futures price is traded above 3410.
Judging the momentum of the market sentiment, the next profit target will be hard to reach. Traders eye on 10th June MPOB figures with stock will go up.

CPO Futures Buy If 4pm 3437 Or Higher

CPO Futures hourly indicator will only turn buy once palm oil futures price is traded above 3436, based on low 3343.
Next profit target 3329 and 3309 may be placed. As usual, profit taking is up to traders' own discretion and here is just for a guide. Cut loss point is always consistent and will be the main topic here to protect unnecessary loss.

CPO Futures Hit First Profit Target 3360s

Based on low 3346, CPO Futures hourly indicator will only cut loss and turn buy when palm oil futures price is closed above 3440 which is considered very high.
CPO Futures hourly indicator had hit its first profit target in the first hour of trading today. Next target can be set at 3329 for profit maximization strategy.

CPO Profit Target Starts 3364 To 3359

CPO Futures hourly indicator may start its first profit target from 3364 to 3359 at traders' own discretions. Then next at 3334 to 3329.
Based on low 3350, CPO Futures hourly indicator will cut loss and turn buy once palm oil futures price is traded above 3435 at 1130am today.
This month accumulated profit has reached 87 ticks as of 4pm yesterday 3409 last traded selling price. If this selling 3409 able to earn profit, the accumulated profit will also get more.

Monday 6 June 2011

CPO Futures Hourly Will Remain Sell 3409

CPO Futures hourly indicator will remain its selling 3409 initiated at 4pm unless palm oil futures price is traded above 3433 at 6pm market close on Bursa Malaysia Derivatives.
CPO Futures hourly first profit target may be placed at 3364 to 3359 to buy back.

CPO Futures Sell 3409 At 4pm

CPO Futures hourly indicator took profit 27 ticks and turned selling 3409 at 4pm.
The hourly indicator will cut loss and turn buy if palm oil futures price is traded 3432 and above at 5pm.

CPO Futures Sell If 4pm 3425 Or Lower

CPO Future hourly indicator almost turned sell signal which the last closing price 3415 at 1230pm was just 1 tick from the 3414 turn selling signal.
The hourly indicator will probably turn sell with some profit if palm oil futures price is traded 3425 or lower at 4pm later today.

Palm Oil Futures Sell If 1230pm 3414 Or Lower

CPO Futures hourly indicator sell once 1230pm palm oil futures is closed below 3415.

Palm Oil Sell If 1130am 3404 Or Lower

CPO Futures hourly indicator sell if palm oil futures price is traded below 3405 at 1130am today.
Profit target to sell 3482 and above may still be placed unless CPO Futures hourly indicator has turned sell signal.

Friday 3 June 2011

CPO Futures Sell If 6pm 3379 Or Lower

Judging on the range, it will be difficult to reach next target 3482 today.
Based on high 3465, CPO Futures hourly indicator will cut loss and turn sell once 6pm palm oil futures price is closed below 3380 which is still remained low against the current price now.

5pm CPO Futures Remain Buy 3382

Hitting 3rd profit target 3462, CPO Futures hourly indicator will have its next profit targets at 3482 and 3502 to 3507.
CPO Futures hourly indicator will continue its buy signal at 5pm because it will be very hard to turn sell signal which is almost 100 ticks lower from the current price (refer to CPO Hourly Indicator page).

CPO Futures Will Remain Buy 3382 At 4pm

CPO Futures hourly indicator will remain its buy signal as the 4pm indicator won't be able to turn sell even at 3350.

Hit CPO Profit targets 3422 And 3442

CPO Futures hourly indicator profit targets had been hit at 3422 and 3442 in the first hour of trading today. Next target 3462.
The hourly indicator will remain long position even palm oil price is closed 3350 at the yesterday's low.

CPO Profit Targets 3422 and 3442

CPO Futures hourly indicator will only cut loss and turn sell if palm oil futures price is traded 3356 or lower.
Traders may place orders for profit taking at 3422 and 3442 as the first and second profit targets after buying 3382 at 4pm yesterday.

Thursday 2 June 2011

CPO Futures Sell If 6pm 3362 Or Lower

CPO Futures hourly indicator will remain buy 3382 unless palm oil futures price is closed below 3363.
Traders may put order to sell for profit at 3422 and 3442 and may try it as GTD order (Good Til Date order).

CPO Futures Buy 3382 At 4pm

CPO Futures hourly indicator took 60 ticks profit and turned buy 3382 at 4pm.
The hourly indicator will cut loss and turn sell if 5pm palm oil futures is traded below 3363.
All the buying target order should be withdrawn and wait for next selling profit targets which may start at 3422.

CPO Futures Buy If 4pm 3373 Or Higher

Judging on the turn buy signal, the next profit target will be very hard to reach and a stop and reverse of position may have to be done once the hourly indicator turn buying.
CPO Futures hourly indicator will turn buy once palm oil futures price is traded 3373 or higher at 4pm which is just 3 ticks higher from the last closing price.

Palm Oil Futures Buy If 1230pm 3382 Or Higher

CPO Futures hourly indicator had suffered accumulated loss of total 124 ticks for the month of MAY after excluding the floating profit from selling 3442 on 30th MAy 4pm.
Based on low 3350, CPO Futures hourly indicator will turn buy if 1230pm palm oil is closed 3382 and above.
It seems that the next target 3342 won't be hit.

Palm Oil Buy If 1130am 3400 Or Higher

Based on low 3358, CPO Futures hourly indicator will turn buy signal once 1130am palm oil futures price is traded 3400 and above.

Wednesday 1 June 2011

CPO Futures Buy If 6pm 3412 And Above

Based on low 3363, CPO Futures hourly indicator will turn buy signal once palm oil futures price is traded above 3411.
3rd target 3342 seems not far away if palm oil futures is broken below 3360.

CPO Futures Hit 2nd Profit Target

CPO Futures hourly indicator hit its profit maximisation target 3367 to 3362 as its second profit taking target.
Based on low 3363, CPO Futures hourly indicator will turn buy once 5pm palm oil futures price is traded above 3420.

CPO Futures Buy if 4pm Above 3434

CPO Futures hourly indicator will turn buy signal if palm oil futures is traded 3435 and above at 4pm today.

Palm Oil Futures Buy If 1230pm 3442 Or Higher

Based on low 3382, CPO Futures hourly indicator will cut loss and turn buy signal once 1230pm palm oil futures price is closed above 3441.