Thursday, 5 February 2015

Indicator Y Short 2331 Long 1806.0 - Indonesia Biodiesel B10 2015 Mandate

A part of the research report from RHB Investment Bank quoted here (see the blue highlight):

3m tonnes out of projected 32m tonnes 2015 production in Indonesia will be used for biodiesel!

The short term indicator Y short 2331 will have its stop and reverse buy trade signal being triggered in the first session of the morning trading sessions today if cpo futures price is kept trading above 2150.

Yes, it is 2150 and above which means 50 points lower range against yesterday closing price!