Friday 4 November 2011

CPO Futures Will Remain Long Today

Overnight soybean oil futures was up 2 over percent and this may hold technical indicator based on DMI and STC on CPO Futures blog on buy signal today.
Daily DMI indicator will only turn sell provided crude palm oil futures is sold down to 2899 which will triggered the stop and reverse signal.
Daily STC indicator will also turn sell if the futures market price is closed 2925 or lower today.