Daily stc indicator is holding on the long 3096 now with the stop and reverse sell signal at 3078 or lower at 6pm today.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
Tuesday, 22 May 2012
DMI 3303 KEY 3275 STC 3096
As above stated, daily dmi indicator will only turn long once cpo futures is traded 3303 and daily key indicator will turn long once cpo futures is closed 3275 or higher at 6pm today. Both stop and reverse buy signal levels are at high and therefore it will be difficult to turn buy signal for today.
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