Thursday 27 November 2014

Indicator Y Long 2239 - Another Struggling Day

The hourly indicator Y long 2239 is continuing its journey of struggling trade and finding no stop and reverse sell trade signal for 5pm trade. The 6pm stop and reverse trade signal will depend how the 5pm trade and it is believed that there will be no stop and reverse sell trade signal too if cpo futures price is hovering at current level at 5pm.

The long 2239 will have more confidence once cpo futures price is traded above 2243 to 2249 level.