STC daily indicator is still holding on the short 3191 unless cpo futures price is closed above 3136 today.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
Thursday, 8 December 2011
STC 3137 DMI 3087
DMI daily indicator had finally cut loss and turned buy 3119 after cpo futures price was traded 3119 and coincidentally closed 3119 also at 6pm yesterday. It incurred a loss of 4 ticks against its selling 3115 since 24th November. It will do a stop and reverse sell if cpo futures price is traded 3087 today.
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