If the crude oil above 79, there will be some pressure on the hourly indicator Y short 2254 because the target on cpo futures price may go back to 2261 based on previous assumption between crude oil and palm oil or click the link HERE to read the article.
The hourly indicator Y is still having high stop and reverse buy trade signal but if the cpo futures price is really trade to that target 2261 level, the trade signal will be adjusted lower in very near future and may face the losses since it will be above short 2254.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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