As given in the previous post, the long 1782 for FKLI using the short term technical trend indicator Y trading guides had finally cut loss 10 index points and turned selling 1772 at 515pm on last Friday. Therefore, it is now holding on the short 1772.0 until the next stop and reverse buy trade signal is triggered which we will again try our best in giving out the trade signal before the stop and reverse buy trade signal is triggered.
FCPO has a new 3rd contract month, June, which is about 10 points lower than May contract month that had theoretically helped increased extra 10 points of profit for the short 2295. It will hold on the short 2295 until the next stop and reverse buy trade signal is triggered under indicator Y trading guides.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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