Hi Traders,
Last Friday CPO has opened at 2342 and closed at 2335. Its goes down to lowest level at 2328 and highest at 2346. CPO tend to further down if NYMEX crude oil & CBOT soybean oil still in the bearish mood. However CPO may temporary go up if open >2340-2342 and close >2346. If open <2335-2330 and close <2330 the CPO may further downside bias. Please note the CPO may pullback since the weekly & daily chart had near to oversold level....
Just my 2cents....
Thanks
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