Monday, 13 October 2014

Indicator Y - Short 2172 Is Holding On

Traded high 2192 this morning on cpo futures, the hourly indicator Y is still holding on its short 2172 even at market close 1230pm since it is difficult to have its stop and reverse trade signal being triggered at very high level.

Afternoon trading session will probably be still holding on short 2172 unless cpo futures prices can trade above 2200 level at 4pm and 5pm. Update will only be posted if there is a clear stop and reverse trade signal in the afternoon.