Thursday, 31 May 2012

STC 3041 DMI 3211

Based on close 3111, both daily indicators will still have wide different on the stop and reverse trade signals.
Daily stc indicator will cut loss turn sell if cpo futures is closed below 3042 today.
Daily dmi indicator will take profit turn long once cpo futures is traded 3211 today.
Another technical indicator, daily key indicator is still holding on the short 3475 since 23rd April, and will turn long once cpo futures is closed above 3194 today.