Since there is a new 3rd contract month to monitor, the short 2172 based on the hourly indicator Y trading guides will have to rollover to the new active contract month for easy reference.
The short 2172 will still hold on and sit tight riding on the short term bearish trend based on the hourly indicator Y trading guides without stating the stop and reverse buy trade signal. Again, traders set own stop loss level.
It is believed that the short 2172 will be holding on for a bit longer time even though cpo futures price may or may not go below 2111 its previous low.
Discipline to hold on a right trend and giving up substantial good floating profits will always be a part of trader's wisdom.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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