Friday, May 22, 2009

Shorting Climate For CPO Future Index

Date: 20090521 It looks like this is time time to be ready to short the market based on the close of CPO August 2009 Future Contract which closed at 2499 broken the low of 2513 registered on 18 May 2009 (reason 1). The daily stochastic has been down (reason 2).
My strategy: I will wait for a rebound if possible touches the lower line of moving average (purple line) and place my short order.

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