Friday, 13 July 2012

Daily KEY Indicator Sell If 6pm Below 3027

Daily key indicator had been holding on long 3030 since 25th June and had seen the cpo futures price reaching high 3183, but it hit with a floating loss at yesterday close 3012. It will cut loss and turn sell if cpo futures price is closed 3026 or lower at 6pm today.
Daily stc indicator will remain short 3082 since its 6pm stop and reverse buy signal at 3176 or higher which is more than 150 ticks away from the closing cpo futures price.
Daily dmi indicator technically took profit and turned selling yesterday after hitting its stop and reverse sell signal 3069 yesterday, against its long 2983. Its stop and reverse buy level is 3106 today.