Tuesday, 9 December 2014

Indicator Y Long 2163 - Sell If 6pm Below 2172

It will be the 8th losing trade in a row if cpo futures price is closed below 2163 at 6pm later today. Accumulated losses of the 8 multiple losing trades will be more than 250 points per contract size.

As at 5pm, cpo futures price is last traded 2148 and therefore the hourly indicator Y long will have to do a stop and reverse sell once cpo futures price is closed 2171 or lower at 6pm.