Daily dmi indicator and key indicator keep holding on the short 3480 and 3475 respectively as their stop and reverse buy signal is very hard to reach today which is more than 200 ticks away from the closing price.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
Thursday, 24 May 2012
Daily STC Short 3019 Yesterday
Daily stc indicator hit with another huge losses after turning sell 3019 at 6pm yesterday. It incurred 77 ticks loss against its long 3096. Based on the new low 2993, its 6pm stop and reverse buy signal is 3060 or higher unless the cpo futures is go another new low below 2993 that will change the stop and reverse buy signal too.
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