(Click "A Comment From Reader Trader" to read for more details on the survey.)
The hourly indicator Y short 2223 is still having the same stop and reverse buy trade signal above 2265 at 1130am today, which mean, the short 2223 will have to cut loss turn long once cpo futures price is last traded 2266 and higher at 1130am today.
If cpo futures price is traded near 2250 to 2265 range at 1130am, the hourly indicator Y will probably adjust its 1230pm stop and reverse buy trade signal to a much lower level that will trigger buy signal at 1230pm later today.
If stop and reverse trade signal is triggered today, this will be the 5th losing trade in a row that we always mention as multiple losing trades which we kept mentioning in October that we wanted to discuss about and finally it has happened in this month.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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