Palm Oil Sell If 6pm 2855 Or Lower

Daily stc indicator will remain buy 2864 with the closing stop and reverse indicative price at 2855 or lower at 6pm close today.

Daily dmi indicator will turn sell once palm oil futures price is traded 2877 today; otherwise, hold long 2883.

All Indicators Will Remain Long Today

After the last one of all CPO Futures blog's indicators turned buy on Tuesday, the technical analysis based on these simple technical indicator finally indicated a bear is overtaken by a bull now.

Daily DMI indicator and STC indicator will remain long today since the stop and reverse price is very low to be triggered that is below 2860 for today.

All Indicators May Turn Buy Today

To Hindu traders, we wish you have a Happy Deepavali or Happy Diwali day. Let's celebrate the victory of good over evil in this festival of lights.

Once palm oil futures is closed 2898 or higher at 6pm today, all daily indicators as recorded in cpofutures blog will finally in buy signals.

DMI indicator is holding buy 2883 with stop and reverse sell at 2845 today.

STC indicator is holding buy 2866 with stop and reverse sell at close 2795 or lower today.

Key indicator is holding buy 2883 with stop and reverse sell at close below 2850 today.

DMI Long 2883 STC Long 2864

Daily DMI indicator hit will another loss and turned buying 2883 on last Friday while STC indicator is still holding on the long 2864 since at close on 12nd October (Tuesday).

Daily DMI indicator will cut loss and turn sell if palm oil futures is traded 2848 while STC indicator will also cut loss and turn sell if palm oil futures price is closed 2795 or lower today.

DMI 2883 Long STC 2800 Sell

Daily DMI indicator and STC indicator gave a wide range of signal as shown in the above title. Daily STC indicator has been holding on long 2864 since 12nd October but DMI indicator hit with losses 3 days in a row.

DMI indicator turned sell 2823 yesterday and will turn buy again if palm oil futures is traded 2882 today which is just 2 ticks higher against the yesterday's high 2880.

STC indicator will hold on buy 2864 unless palm oil futures is closed 2800 or lower at 6pm today.

DMI 2823 STC 2797 Sell

Daily DMI indicator turned buy 2865 yesterday and will cut loss turn sell if palm oil futures is traded 2823 today.

Daily STC indicator will cut loss and turn sell if palm oil futures is closed below 2798 at 6pm today.

DMI Sold 2825 STC Hold Long

Daily DMI indicator hit a loss and turned selling 2825 yesterday after palm oil futures price was sold down to the low 2817 and closed 2835. The loss of 61 ticks was equivalent to RM1,525.00 per contract basis. The stop and reverse buy is now at 2865 for today.

Daily STC indicator is still holding on the long position and will only cut loss and turn sell if palm oil futures price is closed below 2813 at 6pm today.

DMI 2825 STC 2786 Sell Signal

If palm oil futures 3rd active month is traded 2825 today, it will trigger a stop and reverse sell signal for daily DMI indicator will a loss.

Closing 2786 or lower will turn daily STC indicator from buying 2864 to sell signal with a loss too.

FCPO Daily Indicators In Long Position

After turning selling on 22nd September, Daily DMI indicator finally turned buy at 2886 on Friday afternoon session while daily STC indicator turned buying 2864 on 12nd October at Wednesday market close.

DMI indicator made 130 ticks of profit against its selling 3016 while STC indicator made 145 ticks of profit against its selling 3009.

Today, daily DMI indicator will sell if palm oil futures is traded 2839 and daily STC indicator will sell if palm oil futures is closed below 2770 ( which is very low ).

STC Long DMI Hold Short

Daily STC indicator had taken profit and turned long 2864 at 6pm yesterday with a profit of 145 ticks against its selling 3009 sold at 22nd September. The indicator will cut loss only if palm oil futures is closed below 2780 at 6pm today.

Daily DMI indicator did some short covering positions yesterday to realise some of its profit. The indicator will turn buy signal if palm oil futures is traded 2891 today; otherwise, hold on its balance short positions sold at 3016 on 22nd September.

Daily DMI 2893 STC 2808

Daily DMI indicator will do some short covering positions to realise its profit if palm oil futures is traded 2821 after the opening bell. It will turn buy signal if 2893 is traded.

Daily STC indicator will also take profit and turn buy signal once palm oil futures is closed 2808 and above at 6pm today.

Daily CPO Futures Indicators

Since 22nd September 3016 (DMI) and 3009 (STC) selling is still holding on but if palm oil futures is traded at certain level today will triggered short covering positions based on the technical indicators as below:

2822 is the indicative price that will triggered DMI daily indicator to cover some short positions as realised profit and buying close for STC indicator if palm oil futures is staying above the indicative price.

DMI daily indicator stop and reverse buy signal is at 2905 today.

Buy If DMI 2919 STC 2842

MPOB will release the official figures for the September month of Malaysia palm oil demand and supply today. Intertek and SGS palm oil export is out today too.

DMI daily indicator buy if crude palm oil futures price is traded 2919 while STC daily indicator will buy on close if cpo price is above 2841 - today's stop and reverse point.

3016 (DMI) and 3009 (STC) selling is still holding on until today since 22nd September.

Buy If DMI 2942 STC 2854

DMI daily indicator will turn buy if crude palm oil futures price is traded 2942 today which is remained far. STC daily indicator will buy on close at 2854 and above for its stop and reverse point today.

Both daily indicators turned sell on 22 September (Thursday) at 3016 (DMI) and 3009 (STC) respectively and is still holding on until today.

DMI 2950 STC 2910 For Palm Oil Today

DMI 3016 and STC 3009 selling will be remain until cpo futures is traded 2950 for daily DMI and closed above 2910 for daily STC.

Daily DMI STC Will Remain Sell

DMI 3016 and STC 3009 selling will be maintained unless crude palm oil futures is traded 2993 for DMI buy signal and closed at 6pm above 2940 for STC.

Daily CPO Technical DMI STC Remain Sell

Daily DMI indicator will turn buy signal if cpo futures price is traded 2980 and daily STC indicator buy once cpo futures price is closed above 2968 today. Otherwise, DMI 3016 and STC 3009 selling will be maintained.

DMI 3008 STC 2983

DMI 3016 and STC 3009 selling will be maintained. Daily DMI indicator buy if cpo futures price is traded 3008 today. Daily STC indicator buy once cpo futures price is closed above 2982 today.