From the short 2184 using the indicator Y on FCPO short term technical trend trading, the cpo futures price did touch the lowest 1958 in the morning trading session today.
However, the low 1958 to the 400 ticks target 1879 is still about 80 ticks away and the cpo futures is closed above 2000 level that definitely make the indicator Y even harder to see its 400 ticks profit target hit.
If the cpo futures price is traded and maintained above today's high 2020 at next one or two hourly trading sessions, we will probably have a stop and reverse buy trade signal in a very near future based on the indicator Y trading guides.
Thus, let's see what will be the closing price at 1230pm tomorrow. Is the short 2184 having its end of the down trend, that is, Game Over?
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
The Most Popular Posts
-
This is about a plan in publishing the stop and reverse trade signals for the whole year 2016 without giving a single comment and also witho...
-
101indicators On Futures Trading book was published in year 2014 through print on demand technique to reach out CPO Futures traders who wis...
-
The CPO Futures's stop and reverse trade signals in year 2017 had generated accumulated gross profit 21 ticks ONLY based on the 101ind...
-
681 points accumulated theoretical gross profit in year 2020 was basically helped by a single trade in January 2020 that being carried forwa...
-
Dear traders, please be informed that all palm oil export data from both palm oil cargo surveyors, Intertek Agri Services and SGS Malaysia, ...