Monday, 10 November 2014

Indicator Y Short 2254 - Day 4 Morning Sessions

It is believed that the hourly indicator Y short 2254 will hold on its short positions on Day 4 morning trading sessions after hitting first target 2204 when cpo futures price was traded low 2193 on last Friday. Will it hit the 101 points second target 2153 after 1230pm on some important fundamental news which is expected to be bearish based on news excerpts recorded in previous post? The 101 points target is also not following the hourly indicator Y trading guides, it is just traders' own discretion.

Today will see some fundamental data being released, they are MPOB official supply and demand figures for the October month, Intertek and SGS first 10-day export figures.