Missing by just 1 point of target 2287 on the cpo futures high 2286 at opening had almost 150 points in its second profit target after the 101 points 2238 first target being hit yesterday.
If greed overcame fear yesterday, traders sit tight and let profit run, there will be an extra of nearly 50 points per contract today. Again, it is "if"... because if fear struck in yesterday, traders would take profit at 2238 without taking the hourly indicator Y rules. Greed had won today if traders greedy for better profit!
The hourly indicator Y long 2137 will remain in Day 7 today since price is getting higher and still no sign of stop and reverse sell trade signal. Go to the learning corner to read about the weaknesses of the indicator Y as it is important to the weaknesses!