Tuesday 11 November 2014

Indicator Y Short 2254 - Day 5 Morning Sessions

If 1130am cpo futures price is traded above 2241 which was the yesterday high, it will be adding pressure on the hourly indicator Y since the stop and reverse buy trade signal is getting lower now even though it is still above the short 2254.

There will be no stop and reverse buy trade signal at 1130pm based on the hourly indicator Y trading guides; thus, it is still holding on short 2254. If there is a clear stop and reverse buy trade signal at 1230pm which is below the short 2254, update will be available in advance.