The indicator Y long 2145 on FCPO is still having its "fear and greed" journey between high 2200 low 2140 after turning buy signal that day while finding tough to ride a good trend.
The probability to hit a stop and reverse sell trade signal will be very high on next Monday in the morning trading session if the cpo futures price is traded 2150 or lower at 5pm and 6pm today.
It will probably have no stop and reverse sell trade signal at 6pm today even though the cpo futures price may have last traded between 2120 to 2150 at 5pm.
The indicator Y short 1856.5 has its stop and reverse buy trade signal being adjusted much lower but we will have a very clear indicative price only in the morning trading session next Monday too.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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