Wednesday, 4 December 2013

SAR Buy Signal Above 2640s

After turning sell 2634, 60-minute key indicator held on its short and saw cpo futures prices hit high 2646 before flushing down to low 2605 towards closing yesterday.

The hourly key indicator will still hold on the short 2634 with stop and reverse buy signals for next 5 hourly trading session in the range of 2640 to 2646 today and may be adjusted lower if there is lower low of cpo futures prices during the day. 

Traders are reminded that the stop and reverse (SAR) trade signals will not be available on time if there is some changes on the cpo futures prices during the next 5 hourly trading sessions that affects the computation of hourly key indicator, and comments will only be posted in next write-up.