Tuesday 6 May 2014

5pm Remain Short 2566 Unless Above 2586

The short 2566 in hourly key indicator will hold on unless cpo futures price is traded above 2586 at 5pm today. The last hour trading range had been 2575 high to 2558 low and traded 2562 at 4pm. Thus, the 5pm stop and reverse buy signal has been affected slightly and adjusted 1 tick higher to above 2586.

NOTE: The profit taking targets will not be stated in this blog and therefore it is up to readers traders own greed in profit taking strategy. I will only provide the stop and reverse trade signals in every trading hour in advance at my best effort.