Weakening Ringgit did help the cpo futures price reaching high 2362 at opening only yesterday but prices was kept hammering down, and now the cpo futures price is hovering around 2300, getting further away from the target 2479. Therefore, we can assume that the long 2183 using the indicator Y trading guides may have failed to reach the 400 ticks in this trade.
The indicator price for the stop and reverse sell trade signal using the indicator Y will probably be published in the afternoon trading sessions if the cpo futures price is trading around 2300 level or lower.
We will post a stop and reverse sell trade signal one hour in advance once we get the green light!
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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