Daily dmi and key indicators will remain sell since the stop and reverse buy signals are still at high today.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
Wednesday, 16 May 2012
STC Took 333 Ticks Profit
Daily stc indicator took 333 ticks of profit by covering its short 3559 at 3226 at yesterday close and turned long 3209 on new contract month, August contract, due to change of 3rd active contract month after May contract expired. Based on new contract month, its long 3209 will cut loss turn sell if cpo futures is closed 3182 or lower at 6pm today.
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