Monday 12 May 2014

Sell If 5pm Below 2571

The cpo futures hourly key indicator is still holding on the long 2567 and will only do a stop and reverse sell once 5pm cpo futures price is at 2570 or lower. It is still hovering near the stop and reverse trade signal even though the futures price did go to high 2593 and back to near its buying level.

Today we have MPOB figures which seemed that it was within expectation, ITS or Intertek gave a good export figures for the first 10-day export in May while waiting the SGS figures.