After trading in the range between 2225 and 2199 (this was happened on cpo futures price after the short 2222), the hourly indicator Y will still be holding on the short 2222 in Day 2 based on the hourly indicator Y trading guides especially in the morning trading sessions today.
The first target may be set at 2170 which is just a traders' own risk reward appetites without following the hourly indicator Y trading guides.
There will be no stop and reverse buy trade signals yet in the morning trading sessions 1130am and 1230pm, even in the afternoon trading sessions 4pm, 5pm and 6pm; this is based on the hourly indicator Y trading guides without taking into consideration any unforeseen circumstances like higher high lower low.
However, update will be available about one hour in advance once there is a clear stop and reverse trade signal based on the hourly indicator Y trading guides.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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