Tuesday, 9 December 2014

Indicator Y Long 2163 - Trading Below 2163

The hourly indicator Y long 2163 is facing pressure trading below 2163 after the cpo futures price opened at low 2144 this morning. If next two to three hourly trading sessions is traded below 2150, we will probably be able to see the stop and reverse sell trade signal later today which probably at 5pm or 6pm.

The fear and greed is now back to 50:50 after cpo futures price is traded at its current long 2163 level which means the losses may not be huge like earlier rounds in the multiple losing trades. However, if cpo futures price is traded low at 2144 at 1230pm, the pressure of losing more will definitely make more fear since the stop and reverse sell trade signal will be adjusted higher and being triggered earlier than expected.