Friday, 15 May 2015

Indicator Y L2145 L1802.0 - FCPO 4pm SAR

The indicator Y long 2145 is having more fear than greed now after the cpo futures price failed to push for higher close even though the fundamental news is bullish like 54% higher in the 15-day palm oil export, zero export duty was extended to June and El Nino was confirmed.

It may be still in profit if the short term technical trend indicator Y has its stop and reverse sell trade signal triggered at 4pm in the afternoon trading session today at 2190 or lower. This is without taking into consideration on any unforeseen circumstances.

In short, hold on long 2145 again unless cpo futures price is last traded 2190 or lower at 4pm today.