Tuesday, 11 November 2014

Indicator Y Short 2254 - Crude Oil 76.60 Palm Oil 2193?

Crude Oil future is currently traded low 76.60 (when this post is written) and cpo futures price is 2238 which is out of the target range using the previous assumption where crude oil 77 palm oil 2204, it should be 2193 since crude oil below 77 reaching low 76.60!

The hourly indicator Y is still holding on its short 2254 with stop and reverse buy signal at 5pm above 2275 high. It will be adjusted even lower if 5pm cpo futures price is traded higher.