Friday 9 May 2014

Buy If 1130am Above 2563

Without considering the lower low and higher high charting data, the cpo futures hourly key indicator in short term technical trend trading will have to do a stop and reveres buy once the 3rd active contract month price is traded 2564 or higher at 1130am today.

It is still holding on the short 2567 initiated at 4pmm yesterday, seeing the low 2552 to the high 2569 after turning sell. The accumulated profit only balance 12 ticks per contract size basis after the selling 2567.