The hourly indicator Y short 2141 will have to cut loss and turn long once cpo futures price is last traded 2150 or higher at 5pm sharp today according to the indicator Y trading guides. The short 2141 is getting more fear than greed now in holding on the positions as cpo futures price is kept trading above its selling price. Trading above 2160 will seriously affect its performance of year 2014.
This is the 11th multiple losing trade if cpo futures price is triggering the stop and reverse buy trade signal at 5pm later today. How much is the accumulated losses since early November and since early December?
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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