Monday, 27 October 2014

Indicator Y - Long 2137 Day 4

It will be a struggling Day 4 after seeing the soybean oil down over the last Friday. However, the long 2137 based on the hourly indicator Y seems to be holding on.

The cpo futures prices had been reaching high 2194 after the long 2137 was initiated, it did go to low 2131 before heading up trend and reaching the high 2194.

The stop and reverse sell trade signal is still far below the long 2137 and therefore there is no SAR signal being given at the moment; The SAR trade signal will be given earlier by about 1 hour in advance if there is a clear SAR signal in next few posts.