Monday, 10 November 2014

Indicator Y Short 2254 - MPOB Figures And Afternoon Trade

MPOB had released the official October supply and demand figures:

  • Output Palm Oil - 1893k Tons vs the previous 1897k Tons 
  • End Month Stock -  2166k Tons vs the previous 2090k Tons
  • Export - 1605k Tons vs the previous 1628k Tons.
Intertek gave the first 10-day October export at  401k Tons vs 396k Tons in September. We will only know the SGS figures for first 10-day October export later today.

The hourly indicator Y will remain its short for next few trading sessions since it is still far up high the stop and reverse buy trade signals. Update will be available once there is clear signal.