Thursday 13 October 2011

STC Long DMI Hold Short

Daily STC indicator had taken profit and turned long 2864 at 6pm yesterday with a profit of 145 ticks against its selling 3009 sold at 22nd September. The indicator will cut loss only if palm oil futures is closed below 2780 at 6pm today.
Daily DMI indicator did some short covering positions yesterday to realise some of its profit. The indicator will turn buy signal if palm oil futures is traded 2891 today; otherwise, hold on its balance short positions sold at 3016 on 22nd September.