The long 2137 based on the hourly indicator Y reached its second target 2287 or 150 points level and cpo futures price was actually hit high 2302 yesterday. Can it reach the third target 2339 when cpo futures price is traded above 2300?
Unless cpo futures price is traded below 2200 level in morning trading session, it is believed that the hourly indicator Y will continue holding on its long 2137 since the stop and reverse sell trade signal is remained at very low level.
Update will be available one hour in advance if there is a clear sign of the stop and reverse sell signal on the hourly indicator Y.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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