Eye on MPOB and both palm oil export from Interek and SGS today.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
Friday, 10 June 2011
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.
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