MPOB supply and demand figures - palm oil production at 1.556 MMT, end month stock 1.766 MMT and export 1.260 MMT. It is basically the official fundamental data that will affect the cpo futures trading price at 3pm open later today. No comment will be based on the above data in this blog since it is purely looking at technical trend indicators.
The cpo futures hourly key indicator will cut loss and turn short if the 3rd active contract month is traded 2565 or lower at 4pm later today. Again, the higher high or lower low data will not be considered in this write-up even though these data may affect the 4pm stop and reverse trade signal; therefore, please take note that the 4pm 2565 may be changed without further notice in advance.