Monday, 2 March 2015

Indicator Y L2277 L1801.0 - FKLI Sell If 4pm 1813

No doubt the settlement was in favour to the long 1801 at 1823.5 on last Friday, we are now looking at the 4pm stop and reverse sell trade signal for the short term technical trend indicator Y which was theoretically still holding the long 1801.

Sell if the FKLI index futures is traded 1813 or lower at 4pm today.

FCPO long 2277 using indicator Y had good floating profits in last 2 trading sessions, reaching high 2362. However, there is still no clear trade signal yet on the stop and reverse sell trade signal. Palm Oil Conference in Kuala Lumpur may add more sentiments to the futures market movement.