Daily DMI indicator hit a loss and turned selling 2825 yesterday after palm oil futures price was sold down to the low 2817 and closed 2835. The loss of 61 ticks was equivalent to RM1,525.00 per contract basis. The stop and reverse buy is now at 2865 for today.
Daily STC indicator is still holding on the long position and will only cut loss and turn sell if palm oil futures price is closed below 2813 at 6pm today.