Wednesday, 19 August 2015

Palm Oil Long 2028(48) - Time Is Ticking

As the indicator Y long 2028 had basically done its 20-tick rollover to 2048, we leave the title as it is for easy reference.

2177 is the ultimate target that we wish to get before we call it a day. However, the indicator Y on FCPO had seriously under-performed as compared to the indicator Y on FKLI based on the short term technical trend trading data that we had discussed since the beginning of the year 2015.

As you know that  the cpo futures price hit highest 2069 yesterday and the 400 ticks accumulated profit target is 2177. It is still having more than 100 ticks range and will make the indicator Y on FCPO facing uphill battle.