Tuesday 27 September 2011

Daily DMI Will Remain Sell For This Week

After hitting new low 2857 for crude palm oil futures on Bursa Malaysia Derivatives, daily DMI indicator will be hard to turn buy signal as the lower low data had widen the calculation of DMI indicator. As for today, DMI will only turn buy if palm oil futures price is traded 3104 which is almost 200 ticks from yesterday closing price.
Daily STC indicator will turn buy if palm oil futures price is closed above 3066 today which is still remained far away too.