Tuesday, 7 October 2014

Indicator Y - 6pm SAR 2178 For Short 2150

For the 60-minute indicator Y to cut loss and turn long, cpo futures need to close 2178 or higher at 6pm today. It is holding on its short 2150 still since the 5pm last traded price was below 2188. If cpo futures is closed below 2178, then remain short 2150.

Again, it is crucial for traders to have a decisive trade at last few seconds traded prices if cpo futures is traded near its stop and reverse trade signal. Following technical trend indicators especially based on last traded prices will face a problem on trade decision that need to be made in last seconds before market close which is very near to a stop and reverse trade signal.