The crude palm oil futures did the lowest price of 1863 this week after the indicator Y turned short 1999, giving a profit range of 136 ticks but short of 42 ticks to reach our 400 ticks accumulated profit target at 1821 that we mentioned in previous post.
Since the fcpo price is getting higher and higher above 1900 and if it is kept closing higher, we will probably have a stop and reverse buy trade signal very soon.
Therefore, once the stop and reverse buy trade signal is triggered, we will have to look at another new 400 ticks accumulated profit target which is already 2 months delay and will probably be seen only next month.
We wish to apologize for not able to provide one hour in advance on the stop and reverse trade signals for readers traders to have early preparation.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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