Friday, October 23, 2009

20091023 1238 FCPO Daily Chart Study. Still Strong !



FCPO gap up and going higher in tandem with soy oil futures and Dalian palm oil futures price development. Morning session ended 33 points higher to closed at the high at 2243. Hourly chart wise, all indicators on the chart also sending a buy signal on FCPO with the immediate target of 2260.

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