Tuesday 11 October 2011

Daily CPO Futures Indicators

Since 22nd September 3016 (DMI) and 3009 (STC) selling is still holding on but if palm oil futures is traded at certain level today will triggered short covering positions based on the technical indicators as below:
2822 is the indicative price that will triggered DMI daily indicator to cover some short positions as realised profit and buying close for STC indicator if palm oil futures is staying above the indicative price.
DMI daily indicator stop and reverse buy signal is at 2905 today.