After turning sell 2566 at 1130am this morning, cpo futures prices had traded in the range of 2579 high and 2564 low. The hourly key indicator will keep holding the short 2566 if cpo futures is traded below 2585 at 4pm later afternoon. Thus, cut loss turn buy if cpo futures is traded 2585 or higher at 4pm today.
NOTE: Due to a possible lower low or higher high from 3pm to 4pm against the last trading hour in the morning, the hourly key indicator will probably be affected on its 4pm stop and reverse trade signal and there will be no time available to provide my comment in advance in this blog. Therefore, there is a possible change of stop and reverse trade signal that had been given in advance by me and readers traders must take own kind of risk as mentioned in the Disclaimer of this blog about the risk warning.