The hourly indicator Y short 2222 is now facing floating loss of 27 points against the high 2249 that was traded before 4pm just now. It will be a struggling trade and 3rd losing trades in a row if the next few trading sessions keep trading above this level.
The hourly indicator Y short 2222 will still be remained with no stop and reverse buy trade signal yet at 5pm. However, if the 5pm trade above 2260, we may probably get a very clear signal for 6pm stop and reverse buy trade signal today.
We will update again in next hour at around 5pm to see where will it be the stop and reverse trade signal for the hourly indicator Y short 2222 for the 6pm trade decision.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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