It is a painful day for the hourly indicator Y long 2278 since it will continue to struggle with its long 2278 finding no stop and reverse sell trade signal in the morning trading sessions.
The long 2278 saw the cpo futures price up high 2280 with just 2 points of floating profit before flushing down to low 2257 yesterday. The drop of soybean oil futures overnight will definitely give more pressure for the long 2278 using the hourly indicator Y trading guides finding no cut loss points yet at 1130am and 1230pm today.
Feel the "psychological fear" in following such a short term technical trend indicator without a cut loss point?