Wednesday 7 May 2014

Buy 2581 At 5pm

CPO Futures hourly key indicator finally cut loss and turned long 2581 at 5pm just now. It incurred 15 ticks of losses and had reduced the accumulated profit of May to 26 ticks only from 65 ticks at the beginning of this month.

The hourly key indicator will hold on 2581 long from now on unless the cpo futures price is closed below 2562 at 6pm today. It seems have to start holding on long 2581 for overnight position.