Wednesday 13 June 2012

DMI 3069 KEY 3058 STC 2989

Daily stc indicator long 2989 almost hit a stop and reverse sell trade signal yesterday at 6pm. It is holding on the long 2989 still unless cpo futures price is closed 2963 or lower at 6pm today.
Daily dmi technical indicator is having lower stop and reverse buy signal at 3069 for today, meaning that once cpo futures price is traded 3069, the daily indicator immediately take profit and turn long 3069. It is still more than 100 ringgit away from the closing price 2965.
Daily key indicator is also having lower stop and reverse buy signal to 3058 for 6pm close today.