Friday 13 April 2012

Daily STC Short 3559 Yesterday

Daily stc indicator hit with 2 losses in 3 trading days. First it sold 3575 with profit 43 ticks on 9th April against its long 3532 on 2nd April. It long 3613 on 10th April with 38 ticks loss again 3575 short. It turned short again yesterday 3559 with 54 ticks loss. It will cut loss turn long if 6pm cpo futures is closed above 3616; otherwise, hold on short 3559.
Daily dmi indicator is still holding on long 3285 since 8th March while daily key indicator is holding on long 3168 since 13rd February. Both stop and reverse sell signals at 3494 and 3181 respectively today.