It will be the 8th losing trade in a row if cpo futures price is closed below 2163 at 6pm later today. Accumulated losses of the 8 multiple losing trades will be more than 250 points per contract size.
As at 5pm, cpo futures price is last traded 2148 and therefore the hourly indicator Y long will have to do a stop and reverse sell once cpo futures price is closed 2171 or lower at 6pm.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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