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FCPO MALAYSIA CRUDE PALM OIL FUTURES REVIEW FOR 12 SEPT 2011

Posted by Flora Sawita

FCPO MALAYSIA CRUDE PALM OIL FUTURES BASED ON ANDREW PITCHFORK 60 MINUTE CHART By Tokan Corner :

As  the chart and Andrew Pitchfork show. The FCPO has touched the lowerline of Andrew Pitchfork on last 08 SEPT and it has builded a Dragon Fly Doji on that day.

As for 09092011 the market has rebounced after it breakdown to 3033 point then rebounced back to 3050 due to Soybean Oil price hiked up.

And as for tomorrow FCPO may gap up to 3060 -3067 point due to strong rebounce on Soybean Oil.

As for Tomorrow Target area is at 3076 -3083 zone area for resistance zone.

Cpo_12092011_andrew_pitchfork

 

Supplement : Soybean Oil Price Chart From Forex Pros

Soybeanoilprice09092011

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