With the closing price of 2136 at 1230pm just now on cpo futures 3rd active contract month, the hourly indicator Y will plan to do its stop and reverse buy trade signal once 4pm cpo futures price is last traded 2145 or higher. The short 2172 will have its bearish view being changed to bullish view once the buy signal is triggered at 4pm later today.
Using the hourly indicator Y trading guides, the short 2172 will have to turn long once 4pm is traded 2145 and above.
(Now is more than one hour in advance by giving out the trade signal! It is THREE hours in advance)
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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