DMI daily indicator will turn sell signal if cpo futures is traded 3108 today which is a stop and reverse point.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
Tuesday, 22 November 2011
CPO Futures Daily Update
STC daily indicator hit with another loss and turned selling at close yesterday at 3191. The last 2 trades had incurred a loss of 93 ticks in just 2 trading days after making 348 ticks of profit on the uptrend trade that last for 25 trading days. The indicator will hold on short 3191 unless cpo futures is closed at yesterday's high 3257 today.
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