Monday, 15 December 2014

Indicator Y Long 2185 - Below 2154 And How?

The hourly indicator Y long 2185 continued its journey of floating loss after opening 2186 on cpo futures trading this morning.

The low 2154 prompted a closer look how will be the hourly indicator affected in the afternoon trading sessions.

Based on just an assumption that cpo futures price is last traded below 2154 at 4pm and 5pm later today, the hourly indicator Y long 2185 may have high possibility to do a stop and reverse sell trade at 6pm. It will be another losing trade!?