Tuesday, 28 October 2014

Indicator Y - Long 2137 Day 5 At 1130am

Another struggling day for the hourly indicator Y which will see some short term technical trend traders may have to get out some long positions or even turn selling if cpo futures price is traded below 2163 at 1130am today. The protective stop loss at 2145 may be placed by some traders too.

The hourly indicator Y trading guides will still have its stop and reverse sell trade signal below its long 2137, therefore if cpo futures price tumble, it is believed that the long 2137 will have to face losses since its SAR signal is still far below the long 2137.