Thursday, 14 May 2015

Indicator Y L2145 s1856.5 - FKLI FCPO 4pm SAR

The indicator Y short 1856.5 on FKLI will have to take profit and turn long if the index futures is last traded at 1806 or higher at 4pm in the afternoon trading session today. Otherwise, hold on the short and wait for next stop and reverse buy trade signal.

The indicator Y long 2145 on FCPO is under tremendous pressure after seeing cpo futures prices kept dropping from the high 2233 to low 2171 while finding no stop and reverse sell trade signal yet, even though it is still having profit based on the long 2145 level.

However, if cpo futures price is kept trading between 2190 and 2170 range in the afternoon trading session at 4pm and 5pm, we will probably have the stop and reverse sell trade signal at 6pm for readers traders to digest.