Wednesday 7 May 2014

Buy If 1130am Above 2674

Without considering the lower low or the higher high in the short term technical trend trading chart that may affect the stop and reverse trade signal at 1130am, cpo futures hourly key indicator will cut loss and turn long once 1130am is traded 2575 or higher. It is still holding on short 2566 at the moment after turning sell at 1130am yesterday.

Readers traders must learn that there is important fundamental data like MPOB, ITS (Intertek) and SGS. Keep them in your spreadsheet that is good for you to learn about long term trend. Do more reading also on Indonesia news if can since they are the biggest producer in palm oil now a day.