Even though the rollover price is in favor to the short 2222 using the hourly indicator Y trading guides, the short 2222 will be still used as the entry point for the write-up.
Knowing that some traders will switch the short to a new 3rd active contract month but the theoretical stop and reverse trade signal will not be changed in order to track down easily on all the previous write-ups related to the short 2222. Therefore, we will not make further explanation.
The hourly indicator Y will not update its stop and reverse trade signals in next few sessions unless there is a clear signal.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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