Tuesday, 15 May 2012

Palm Oil Futures Low 3145

Based on its short 3559, daily stc indicator hit a profit range of 414 ticks at low 3145 yesterday. It will do a stop and reverse buy if cpo futures is closed above 3216 at 6pm today. Any new low will definitely change the stop and reverse buy signal too.
Daily dmi indicator short 3480 and daily key indicator short 3475 will remain the short position respectively as it will still be very hard to turn buy signal for today.