Thursday 9 February 2012

CPO Long 3155STC 3128DMI

The selling 3151 on daily stc indicator on 13th January went to low 3036 but ended up buying 3155 with a 4 ticks loss at yesterday market close. It will hold on long 3155 unless cpo futures is closed below 3082 today.
The daily dmi indicator however made a 30 ticks of profit per contract size for the last trade it sold 3158 on 26th January and turned buying 3128 yesterday. It will also hold on long 3128 unless cpo futures is traded 3072 triggering its stop and reverse sell level.