At 4pm, cpo futures price is last traded 2164 and the hourly indicator Y is still holding on its short with heavy floating loss.
Again, without taking into consideration of higher high lower low data and other unforeseen circumstances, the hourly indicator Y will cut loss turn long if cpo futures price is last traded 2182 or higher at 5pm later today. It is marginally lower than what we posted in the previous post.
We may keep posting new stop and reverse trade signal every hour if there is a clear trade signal until a stop and reverse trade signal is triggered according to the hourly indicator Y trading guides.