There will be an artificial huge floating profit for FCPO 60min short term trend indicator due to the big premium on new contract month that will be started as the 3rd contract month today. The February contract month long 2245 on 14th December at 1130am will theoretically get extra profit of 71 ticks on the big spread price between 2346 (March) and 2275 (February). Thus, traders should not get over excited.
Daily FCPO stc trend indicator, however, will artificially earn less due to the spread also and will probably be triggered with a stop and reverse buy since cpo futures price will mostly trade above its stop and reverse buy signal at 2303 at 6pm today. If 6pm close is below 2303, then the daily FCPO stc will remain short as traders can see in the DAILY page (scroll down to the last row and there is a SAR price at 2303).
FKLI 90min RSI indicator has done another good round as traders may find in FKLI page. We will stop updating the FKLI page and FCPO page by end of this month. We wish all the stop term trend traders do well for the new year 2013 even though there will be no more updates from us on the FKLI 90min and FCPO 60min short term trend indicator.
