Reviving the dormant blog. Looking at palm oil in depth

Planning on reviving the dormant blog !  I'm going to be posting what im looking for in the next day.  Im looking at markets, especially Malaysia!

Taking a look at palm oil.  It has recently started a new downtrend according to the DTI indicator.  I think shorts could be in control once again.  

The DTI indicator projects up or down trends when the dots are above or below the zero line.  Unlike most indicators, the DTI indicator uses more complex math such as smoothing and derivatives to arrive at whether the market is in a downtrend or uptrend.  In other words, it uses the pace of the market to determine the trend instead of one dimensionally looking closing prices like the majority of oscillators do.

We should take  a  look at soyoil and what the market is doing there.  It has been downtrending for the last four trading sessions.

I'd feel reasonably comfortable thinking about taking a short postion as soon as the 15 minute blau tsi comes up a little bit more,  given that soyoil is also showing weakness.  It takes about half a day of flat trading for the blau tsi to do a crossover.

 FKLI is in the midst of a retracement at the moment.  It is deeply oversold and no longer trending down.  There is no real trade here at the moment.  Overseas markets have generally broken their downtrend over the past few days.