Friday 10 June 2011

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.