daily dmi and key indicator is still remained long with the stop and reverse sell signal at 3398 and 3381 respectively for tomorrow, daily stc indicator will cut loss turn sell if cpo futures is closed below 3485 at 6pm tomorrow based on new high 3541.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
Monday, 2 April 2012
STC Long 3532 At Close
Due to overnight rally on cbot soybean oil and others commodities on usda report, the fundamental news had made daily stc indicator hit a big loss and did a stop and reverse buy at 3532 at 6pm close today after turning sell on Friday close at 3433. It incurred 99 ticks of loss based on the difference between the 2 days closing price which were the stop and reverse trade signal for daily stc indicator.
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