The indicator Y long 2145 on FCPO short term technical trend trading had finally taken profit and turned selling 2188 at 5pm just now. It is the second profit trade and both trades did in this month, accumulating profit at 56 ticks (that is 13 + 43) . It also help generating the accumulated profit of 99 ticks in the first half of this year 2015 but it is still short of 300 ticks which we wish can be reached by end of the June.
Take note...The indicator Y short 2188 will have to cut loss and turn buying if the cpo futures price is closed 2222 or higher at 6pm today. Otherwise, hold on the short 2188 until further update from CPO Futures blog. Again, this is without taking into consideration on any unforeseen circumstances as we used to mention in previous posts
If it is triggered, it will be the shortest life for the indicator Y that is ever recorded in this year!!!
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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