Without taking into consideration of any unforeseen circumstances, the indicator Y short 2295 will have to end its short position and turn buying once the cpo futures price is last traded 2186 or higher at 1130am in the morning trading session today.
It is 20 points below the close 2206 yesterday and it is therefore believed that the stop and reverse buy trade signal will be triggered today according to the short term technical trend indicator Y trading guides on FCPO trend trading system.
FKLI long 1779.5 is holding on while finding its stop and reverse sell signal being adjusted higher.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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