The hourly indicator Y long 2163 is facing pressure trading below 2163 after the cpo futures price opened at low 2144 this morning. If next two to three hourly trading sessions is traded below 2150, we will probably be able to see the stop and reverse sell trade signal later today which probably at 5pm or 6pm.
The fear and greed is now back to 50:50 after cpo futures price is traded at its current long 2163 level which means the losses may not be huge like earlier rounds in the multiple losing trades. However, if cpo futures price is traded low at 2144 at 1230pm, the pressure of losing more will definitely make more fear since the stop and reverse sell trade signal will be adjusted higher and being triggered earlier than expected.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
The Most Popular Posts
-
This is about a plan in publishing the stop and reverse trade signals for the whole year 2016 without giving a single comment and also witho...
-
101indicators On Futures Trading book was published in year 2014 through print on demand technique to reach out CPO Futures traders who wis...
-
The CPO Futures's stop and reverse trade signals in year 2017 had generated accumulated gross profit 21 ticks ONLY based on the 101ind...
-
681 points accumulated theoretical gross profit in year 2020 was basically helped by a single trade in January 2020 that being carried forwa...
-
Dear traders, please be informed that all palm oil export data from both palm oil cargo surveyors, Intertek Agri Services and SGS Malaysia, ...