The hourly key indicator had finally taken profit 21 ticks and turned long 2403 at 6pm close just now. As said earlier the 6pm SAR is 2395 or higher and cpo futures price was really closed above the SAR 2395. In the last 3 stop-and-reverse trades, the hourly key indicator accumulated 84 ticks or RM2,100.00 of profit per contract size basis. So, let's wait and see by end of the month what will be the accumulated profit or loss!
Now, we can calculate out that the 1130am SAR sell signal for tomorrow short term technical trend trading will be 2394 or lower; while, the 1230pm SAR will probably be around 2394 if there is no post being published. If no cpo price is traded below the SAR level at both specific trading decision time at 1130am and 1230pm, the long 2403 will be kept holding on for the afternoon trading sessions or even carrying over the weekend until Monday.
There is a new futures contract on Bursa Malaysia Derivatives coming Monday - USD RBD Palm Olein Futures or FPOL for the trading code.