Thursday, 2 June 2011

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.

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