Thursday 9 June 2011

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.