The hourly indicator Y took a turn at 6pm close yesterday by having a short position 2129 against its previous long 2163. It was the second stop and reverse trade in December with an accumulated losses 36 points per contract size.
As usual, there will be no stop and reverse trade signal in next few updates and this is what we call the greed and fear starts over again finding no signals.
The MPOB will be released in the afternoon today while waiting for the first 10-day export data from the two well known palm oil cargo surveyors.