Monday, 5 May 2014

Sell Palm Oil If 6pm Is Below 2581

As mentioned in previous post, update and comment may not be available due to time limitation. There is also no update when the stop and reverse trade signal is remained far away. 

Before the 5pm trade, the stop and reverse sell signal at 5pm is below 2580, but now it has been adjusted higher by 1 tick for 6pm trade. 

Therefore, CPO futures hourly key indicator will cut loss and turn sell once the futures market is closed below 2581 at 6pm today. Or else, remain the long 2590.