Thursday, 5 February 2015

Indicator Y Short 2331 Long 1806.0 - A Painful Long 2248

Giving up the low 2106 (even though you may not get it!), the short term indicator Y short 2331 on cpo futures had finally done its stop and reverse trade at 2248 in the morning trading session today.

Looking at the long 2248 against the low 2160 is definitely a painful trade even though its short 2331 is still a profit after taking profit at 2248, but the profit had substantially been reduced due to the major fundamental news from Indonesia since yesterday.

From now on, the indicator Y indicates a long 2248 until further notice.