It is basically meant that as long as cpo futures price is closed 2169 or lower at 6pm today, the indicator Y will have to do a stop and reverse sell trade. It is a big pressure for long 2168 since the probability of turning sell signal is quite high now at 6pm.
The indicator Y long 1850.5 is also under tremendous pressure while still holding at close today since there is no stop and reverse sell trade signal at 515pm. We will also be able to see the stop and reverse sell trade signal in the first hour trading tomorrow! Be patient and see what will be the indicative price at 1015am tomorrow!
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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