Thursday, 26 February 2015

Indicator Y s2255 L1801.0 - Buy If 6pm Above 2254

FCPO short 2255 based on the indicator Y trading guides will most probably do its stop and reverse buy trade at 6pm close today since the 6pm stop and reverse buy trade signal is 2255 or higher, which mean once cpo futures price is closed at 2255 or higher at 6pm, the indicator Y will have a buy signal.

Unless there is a sell down to below 2255 at 6pm close, the short 2255 will face a losing trade at 6pm today and will have to turn long at 6pm too.

FKLI long 1801 may have to fight for the settlement tomorrow since the stop and reverse sell trade signal is at low end.