Readers traders still remember the multiple losing trades in November December 2014? This month is definitely a painful month for FCPO using the short term technical trend indicator Y which the multiple losing trades had wiped out the profits again and turned to losses. Read back the old posts if you wish to recall what did happen last year!
The FCPO short 2163 will have to cut loss and turn long if cpo futures price is last traded 2200 or higher at 5pm today based on the short term technical trend indicator Y trading guides without taking into consideration on any unforeseen circumstances like higher high lower low data that may happen from now until 5pm.
The FKLI long 1779.5 is still holding on after experiencing the "fear" this morning as updated in the previous posts. It is adjusting its stop and reverse sell trade signal lower than the previous post and we therefore believe that it is hard to hit today at 515pm.
The 515pm stop and reverse sell trade signal is 1804. Do you think the index futures can hit down at close today?
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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