Wednesday, 16 May 2012

STC Took 333 Ticks Profit

Daily stc indicator took 333 ticks of profit by covering its short 3559 at 3226 at yesterday close and turned long 3209 on new contract month, August contract, due to change of 3rd active contract month after May contract expired. Based on new contract month, its long 3209 will cut loss turn sell if cpo futures is closed 3182 or lower at 6pm today.
Daily dmi and key indicators will remain sell since the stop and reverse buy signals are still at high today.