The stop and reverse buy trade signal is still much above the short 2254 based on the hourly indicator Y trading guides which the trade will definitely incur losses if cpo futures price is closed high at 6pm today.
The 6pm trade will be holding on the short 2254 as it is believed that the SAR will not be triggered at 6pm today, even reaching 2270s level. However, if cpo futures price is closed high today, the SAR will be adjusted much lower and may trigger buy signal at 1130am tomorrow. Update on the SAR will be given before market is opened at 1030am tomorrow.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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