The FCPO Long 2193 did go down to the low 2155 on Friday close and is trading above 2193 today, it is however under pressure if the cpo futures price is traded lower again especially below its buying level 2193 which may trigger a stop and reverse sell signal in very near future.
The FKLI long 1779.5 may come to end in near future even though readers traders may not see it today where the 515pm stop and reverse sell trade signal is quite low today near 1780s, that is, the short term indicator Y will have to do its stop and reverse sell once the index futures is closed 1783 or lower at 515pm later today.
This is without taking into consideration on any unforeseen circumstances.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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