Charts, Featured|September 26, 2012 10:50 am

Crude Palm Oil and Seasonality–CQG [Charts] of the Week

Chart of the Week: Crude Palm Oil

Crude Palm Oil will be reaching a crucial area by the end of next week. The three main points to consider are:

· The seasonality aspect of palm oil usually implies a bullish reversal during the month of October.

· The 100% retracement of the February to October 2011 period applied to the high of April 2012 coincides with the projected Trend Channel at around 2400.

· The bottom of the long term Market Profile®* Value Area is also 2400.

For more information, visit http://www.cqg.com/.

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Trading and investment carry a high level of risk, and CQG, Inc. does not make any recommendations for buying or selling any financial instruments. We offer educational information on ways to use our sophisticated CQG trading tools, but it is up to our customers and other readers to make their own trading and investment decisions or to consult with a registered investment advisor.

Anthony Cohen is a Product Specialist at CQG. He holds a diploma in Technical Analysis from the Society of Technical Analysts in London. He can be reached at acohen@cqg.com.

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Crude Palm Oil and Seasonality–CQG [Charts] of the Week

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