Friday 18 November 2011

CPO Futures STC Sold 3212

Due to the new high 3268, STC daily indicator turned selling 3212 at yesterday close and not 3205 as quoted in previous post. It generated 348 ticks of profit against the buying 2864 dated 12 October. From now, it will hold on the short 3212 and cut loss if cpo futures is closed above 3236 at 6pm today.
DMI daily indicator will also turn sell if cpo futures is traded 3066 but the stop and reverse signal is still remained low.