The hourly indicator Y had held on its short 2172 since 10/10/2014, seeing high 2192 against its short; and today, the cpo futures hit low 2138 before closing 2153 at 1230pm.
The hourly indicator Y is still facing very high Stop & Reverse buy trade signal even though it is now seeing some better floating profit.
Without taking into consideration of higher high lower low data, 4pm trade signal is basically not established yet unless traders wish to set own stop loss level at high level.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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