Thursday, 23 April 2015

Indicator Y s2158 L1850.5 - FKLI Sell If Close 1846.5

The indicator Y long 1850.5 on FKLI will have to cut loss and turn sell once the index futures is closed below 1847 at 515pm today. Again, this is without taking into consideration on any unforeseen circumstances that will affect the stop and reverse sell trade signal being adjusted higher or lower before the 515pm close.

The indicator Y short 2158 on FCPO will have to keep enjoying its "fear and greed" in finding no stop and reverse trade signal for readers traders to digest! It will probably hold on the short position for the weekend too if the cpo futures price is closed low today as the stop and reverse trade signal will get further away from the low closing price.