Thursday 8 May 2014

Sell If 1230pm Below 2562

The cpo futures price was traded below 2581 but still above its SAR level at 1130am, and therefore the cpo futures hourly key indicator is still holding on the long 2581 with floating losses.

The hourly key indicator will have to cut loss and turn selling once the cpo futures price is closed 2561 or lower at 1230pm later today. Otherwise, remain long 2581 and wait for next trading session.