Thursday, 17 May 2012

STC Loss 140 Ticks In A Day

In one day trading, daily stc indicator took a huge loss of 140 ticks after turning sell 3085 at yesterday's close against its long 3225 in technical term as the long was in July contract while the short was in August contract due to change of 3rd active contract month on the 15th May on cpo futures. If the cpo futures is closed above 3107 at 6pm today, the indicator will cut loss and turn long again.
Both daily dmi and key indicators will stick to their short 3480 and 3475 still for today as the stop and reverse buy signal is remained high for them.