Wednesday, 8 April 2015

Indicator Y L2177 L1779.5 - If 4pm 1840 and 2185

We will definitely have a very clear FKLI FCPO stop and reverse sell trade signals at 5pm if the index futures and cpo futures price is last traded 1840 and 2185 or lower at 4pm respectively later today. Let's wait and see what will be the last traded price at 4pm for both FKLI FCPO today.

Technically, both FKLI FCPO long is still holding on with FKLI long 1779.5 in a very comfortable zone while FCPO long 2177 is struggling after seeing prices from 2250 high to 2185 low that will probably trigger a stop and reverse sell trade in the afternoon trading session today unless cpo futures price is traded higher in the afternoon.

We still have a "low" stop and reverse sell trade signal for FKLI and therefore will not be given here at the moment based on the short term technical trend indicator Y trading guides.