It will be the 4th losing trade in a row as what we always categorize them as multiple losing trades for the hourly indicator Y short term technical trend trading if cpo futures price is closed below 2229 at 6pm later today.
Again, without taking into consideration of any higher high or lower low and other unforeseen circumstances, the hourly indicator Y long 2259 will have to cut loss and turn selling once cpo futures price is closed at 2228 or lower at 6pm later today.
As mentioned earlier, the stop and reverse sell trade signal has been adjusted much higher than expected for the 6pm trade.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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