The FCPO long 2193 is "definitely" under tremendous pressure again after cpo futures price was
traded below 2155 low before 4pm just now and will have high probability to cut loss turn sell at 5pm. The indicator Y will have a sell signal once cpo futures is last traded 2192 or lower at 5pm today without taking into consideration on any unforeseen circumstances. It is a sell when 5pm cpo futures is traded any price below its long 2193!
The FKLI long 1779.5 will only do a stop and reverse sell trade if the index futures is closed 1795.5 or lower at 515pm today. Again, 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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