"Australia’s Bureau of Meteorology (BOM) declared El Nino has arrived, which is the first since the 2009-2010 episode. An El Nino event significantly increases the probability that the sector has hit a trough..."Go get a copy or be RHB Investment Bank futures client to get the latest info!? :) ! Sales talk!
Finding "no" stop and reverse trade signals for both FKLI FCPO using the short term technical trend indicator Y trading guides in the morning trading session today, we can therefore continue the journey of fear and greed in technical trend trading.
Here is the preliminary assumption: we may stop updating FKLI for a while after the stop and reverse buy trade signal is triggered if the accumulated profit and loss hit above 200 index points or 400 ticks equivalent to FCPO specification. The indicator Y is still holding short 1856.5 on FKLI until today as readers traders can see at the above title.
We will focus on FCPO - when the FCPO hits the 400 ticks mark, then, start again on FKLI's update. We still have a full year target of 800 ticks (or points) or $20,000.00 per contract size basis as mentioned in the Beta page for both FKLI FCPO.
Actually, at 1800, the accumulated profit FKLI short term indicator Y has reached more than 200 index points in less than 6 months. Check the Beta page and readers traders can mathematically find the answer.
FCPO is still struggling to reach its 400 points/ticks accumulated profit unless cpo futures price hit limit up today!!!