Thursday, December 31, 2009

CPO: Happy New Year ( 2010)

The CPO ( Crude Palm Oil) futures for March contract open at 2590 and closed at 2595. The highest was at 2609 and the lowest was at 2582. The market ended higher with a black bar.
The market open at 2590 and fell to 2582 at about 10.33 a.m., moved up to 2597 and closed at 2590 before lunch. In the afternoon, the market open at 2588, shot up to 2609, the highest of the day,and then started to fall down and finally closed at 2595.

If you look at my forecast yesterday, see #2, you would have had 2 choices here;
1) Had you decided to place a sell position at 2580 or 2581, you would have not lost any money
2) Had you decided to place a sell position between 2582 to 2585 with a stop loss of between 15 to 20 points ( see #6, my posting dated 12th January) , you would definitely have ended up losing your money either you closed your position before or after lunch.
Yesterday, I did a que at 2580 for a sell position and luckily it did not trigger at that point ( Do you think that you would believe me?)

Today

Since today is the last day of the year and the expectation of the market would be in a slow range, I reserve to do any forecasting today.


To all the traders....HAPPY NEW YEAR , EVERYBODY...( and you are getting older...)

8.45AM

Wednesday, December 30, 2009

CPO : Coming Down ?

The year for 2009 is just around the corner, normally the CPO futures market is expected to move in a slow and less violent manner. Anyway in some markets, the market's movement does not show much different in its volatility.

Today

In brief, the forecast for today;

1) If the market opens between 2610 to 2621. Sell after the market has moved up beating the level 2630.
2) if the market opens between 2587 to 2597. Sell after the market has retraced passing down the levels between 2580 to 2585.
3) If the market opens between 2570 to 2582. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens between 2598 to 2609. Sell after the market has moved up 6 points above the opening level.
5) If the market opens other than the above..it simply is your call
6) Also refer to my postings dated 12th January, see #6

That's about all.

Have a nice trading day,, guys....

9.30am

Wednesday, December 23, 2009

CPO : Getting South?


The CPO ( Crude Palm Oil) futures for March market open at 2547 and closed at 2525 yesterday. The highest was at 2550 and the lowest was at 2514. The market ended lower with a black bar.

If you look at my forecast yesterday, see #1, the market open at 2547 and immediately fell to 2535 and at about 10.31a.m., the market jumped up to the highest of the day at 2550 at about 11.00am. The market then fell to 2539 before lunch. The market open at 2531, after lunch, and kept falling down to finally settle at 2515 at 6.00p.m.
.
The fall, after the opening hour, was pretty fast and you had 2 choices here;
1)Either to wait for the market to fall around 2525 ( que up here )before entering the market or
2)To enter at 2537.If you decided to enter at 2525, then no position would have been taken in but if you decided to enter at 2537, you would be making some small profits of maximum 12 points.

As for today, no forecast.

That's about it guys.


Have a nice trading day.

8.40a.m.

Tuesday, December 22, 2009

CPO: Next Move 2

Last Thursday, the CPO ( crude Palm Oil ) futures market did not open within one of the forecasted suggestions. The day after that ( Friday) was a public holiday in Malaysia. You guess what? Malaysia is one of the countries in the world which has a lot of public holidays. This coming Friday and next Friday will also be public holidays. Well, all over the world this time, not only in Malaysia.

Today

The market fell 65 points yesterday and according to some analysts, the market may fall today. Will that be so this time? The forecast for today;

1) If the market opens between 2543 to 2555. Buy after the market has retraced to the levels between 2525 to 2537.
2) If the market opens between 2556 to 2575. Buy after the market has dropped 10 to 18 points from the opening level.
3) If the market opens between 2580 to 2595.Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
4) If the market opens between 2525 to 2538. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) As usual, if the market opens besides the above, it is your call
6) Also refer to my posting dated 12th January , see#6

As usual again, if you are not sure.......just..just go out and find another wife..

That's about all.

Have a nice trading day..guys

P/S In 1973, about 90% of the European agreed to the Israel's annexation of Pelastine's land . Today about 67% of the European beleive that annexation of Israel to the Pelastinian's land is wrong!

8.30am

Thursday, December 17, 2009

CPO: Next Move

I did not make any comment regarding my forecast on last Monday dated 14th December because the market open not within one of the forecasted levels and also to a few reasons of my own.
At the current situation, the market looks like it is going further up but will the market be so?

Today

My forecast for today is as follows;

1) If the market opens between 2580 to 2596. Sell after the market has moved up passing the levels between 2600 to 2610.
2) If the market opens between 2578 to 2585. Sell after the market has dropped passing the levels between 2568 to 2573.
3) If the market opens between 2563 to 2573. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens other than the above, it is your call..who else?
5) Also refer to my postings dated 12th January, see #6


That's about all, guys....

Have a nice trading day...

P/s Tomorrow is a public holiday in Malaysia for Maal Hijrah

9.05am

Monday, December 14, 2009

CPO: Short Reversal?

Last Thursday, the market did not open according to what had been forecasted in the morning and further more, due to some reasons, I was also not available to give any forecasting on Last Friday, partly due to I was a little bit of overslept.

Today

The forecast for today is as follows;

1) If the market opens between 2526 to 2535. Sell after the market has moved up 10 to 15 points above the 2535.
2) If the market opens between 2515 to 2525. Buy after the market has dropped 5 points after opening.
3) If the market opens between 2490 to 2500. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens other then the above, it is your call
5) Also refer to my posting dated 12th January, see #6


That's all

Have a nice trading day, guys....

7.36am

Thursday, December 10, 2009

CPO : Will Slide Further?


The CPO ( Crude Palm Oil) futures for February contract open at 2526 and closed at 2526 yesterday. The highest was at 2542 and the lowest was 2502. The market ended lower with an unchanged bar.
The market open far below than the forecasted levels, so I guess no comment on this matter.

Today

The forecast for today;

1) If the market opens between 2502 to 2512.Sell after the market has retraced passing down the levels between 2492 to 2497.
2) If the market opens between 2513 to 2520. Sell after the market has moved up 15points above the opening level.
3) If the market opens between 2487 to 2497. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) Also refer to my posting dated 12th January ( see #6)

That's about it, if you are not sure....just contact whoever you feel like to.

Have a nice trading day guys....

9.07am

Wednesday, December 9, 2009

CPO : Wednesday


Recently, I read a few articles on futures investment regarding the price factor. Most of the articles indicated that the rise in the price of the futures were the result of the increase in the buyers in the market. In fact, there are a few factors which indicate the increase in the price ;
.
1)More buyers in the market than the sellers,
2)More sellers than the buyers,
3)Buyers and/or sellers accumulating the futures and
4)Buyer or/and sellers disposing the futures.

How come ? You may ask or may be you are in the dark. I may explain later ( not in this posting ). So, it is very important for you to determine which factors indicate the rise in the price of the futures before making the decision to enter or exit the market.

Today

The forecast for today's market direction is as follows;

1) If the market opens between 2580 to 2590. Sell after the market has moved up passing the levels between 2600 to 2610
2) If the market opens between 2550 to 2564. Buy after the market has moved up passing the levels between 2570 to 2575 or sell after the market has retraced passing down the levels between 2539 to 2544.
3) If the market opens between 2566 to 2579. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2591 to 2600. Sell after the market has moved up 8 to 18 points above the opening level.
5) If the market opens higher than 2620, the market may go further up
6) If the market opens other than the above, it is up to you....
7) Also refer to my postings dated 12 January, see #6


That's about it, guys...

Have a nice trading day....

9.05am

Wednesday, December 2, 2009

CPO : Ends Higher

The CPO ( Crude Palm Oil ) futures for February contract open at 2474 and closed at 2495 yesterday. The highest was at 2498 and the lowest was at 2445. The market ended higher with a white bar.

If you look at my forecast yesterday, see # 1, and had put a sell, say at 2455 ( anyway, if you were uncertain, you could place the sell position at 2453), you would have been able to make a maximum profits of 10 points provided if you decided to liquidate your position before lunch. If you decided to prolong to after lunch, you would definitely have your finger burt! If you look again , the market open at the highest level of the 2464-to-2474 levels and in fact it was quite risky to enter the market, further more the entrance at 2455 ( or 2453 ) was a little bit late as far as this strategy ( after opening strategy ) is concerned ( see # 6, my posting dated 12th January). Well, sometimes you have to take the risk, guys! No risks no gain!


That's about it.


Have a nice trading day, guys....


8.42am

Tuesday, December 1, 2009

CPO : Renewed Upwards Momentum?

The CPO ( Crude Palm Oil ) futures for February contract open at 2470 and closed at 2472 yesterday. The highest was at 2484 and the lowest was at 2452. The market ended lower with a white bar.

The market open at 2470, see #2 on yesterday's forecast, fell to 2452, the lowest of the day, and then moved up to the highest at 2484 before settling at 2472 at 6.00p.m.
Yesterday, I have my finger burt because I put a sell at 2455 at about 11.50a.m. and had to lidiqute at 2475 in the afternoon. A loss of 20 points! Well, that was it, you can't win all the time!!

Today

My forecast for today;

1) If the market opens between 2464 to 2474. Sell after the market has dropped passing down the levels between 2453 to 2458. It would be significant if the market opens more towards the lower part of the 2464-to-2474 levels.
2) If the market opens between 2457 to 2463. Sell after the market has moved up a bit and then falls passing the levels between 2453 to 2458.
3) If the market opens between 2442 to 2457. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) Also refer to my postings dated 12th January , see #6


That's about it.

P/s. Nowadays if you are talking about p/s, the kids on the next block would mean it as play station....

Have a nice trading day, guys....
.
.
8.40am

Monday, November 30, 2009

CPO : Southwards This Time?

The CPO (Crude Palm Oil) futures for February contract open at 2512 and closed at 2482 last Thursday ( Friday was a public holiday in Malaysia). The highest was at 2521 and the lowest was at 2460. The market ended a little bit higher with a long black bar engulfing the previous bar.

If you refer to my last forecast , see #2, you would probably have had two choices here;
1) Had you placed a buy position at exactly 2019, 2020 or 2121, then you would have your fingers burt.
2) Had you decided to place a buy position at 2025 and above, you would probably have been considered as being safe. If you refer to my previous postings ( I do not know where the postings are, anyway), then you would be able to place a position which can be considered as a "safe" position.

Today

Does The Dubai Shock which has "shocked" the world may have an effect on today's market? Chartly wise, in the long run, the market is still bullish but the very short term, the market now is bearish. The forecast for today;

1) If the market opens between 2471 to 2481. Sell after the market has gone up 5 points above the opening level.
2) If the market opens between 2460 to 2470. Sell after the market has retraced passing down the levels between 2450 to 2455.
3) If the market opens between 2439 to 2459. Sell after the market has moved up a bit and then falls 5 points below the opening level.

That's about all.

Have a nice trading day guys....

8.58am

Thursday, November 26, 2009

CPO Futures End Higher

The CPO ( Crude Palm Oil ) futures for February contract ended higher yesterday due to higher expected export. This is also due to the rebound in the crude oil prices. So, how about today's market direction?

Today

In long run, the market is still bullish, so is the very short run. My forecast for today;
.
1) If the market opens between 2479 to 2492;
1.1 Buy after the market has moved up passing the levels between 2494 to 2500.
1.2 Sell after the market has retraced passing down the levels between 2473 to 2478.
2) If the market opens between 2505 to 2518. Buy after the market has passed up the levels between 2519 to 2425.
3) If the market opens between 2460 to 2470. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens other than the above, it is your call, guys...what I mean is that it is up to you. It does mean you have to call someone else.....( yak...do you think it's funny?)
5) Also refer to my postings dated 12th January, see # 6.


As usual, if you are not sure....just contact your...


P/s I was admitted to a specialist hospital on last Monday and had undergone a minor operation and was discharged yesterday. The cost was about 300 points guys!..so I got to recover back, don't you think so?
.
To the Muslims "Selamat Hari Raya 'Aidiladha" (Eid Mubarak)
.
.
10.02am

Friday, November 13, 2009

CPO : Down

The CPO ( Crude Palm oil ) futures for January contract open at 2251 and closed at 2245 yesterday. The highest was at 2277 and the lowest was at 2240. The market closed higher but with a black bar.

The market open at 2251 and immediately fell to 2240, the lowest of the day, and shot up to 2272 before resting at 2260 before lunch. In the afternoon, the market moved further up to the highest of the day at 2277 before retracing to finally settle at 2245.
If you refer to my forecast yesterday, see #2, and had placed a buy position between 2256 to 2261, you would have probably been able to make about 10 to 15 points of profits before lunch. Had you decided to prolong your position, you could have been able to make another 5 to 7 more points of profits.


That's about it for today!


Have a nice trading day, guys....

8.50am

Thursday, November 12, 2009

CPO: Runnging Out Luck Again?

The CPO ( Crude Palm Oil ) futures for January contract open at 2251 and closed at 2234 yesterday. The highest was at 2285 and the lowest was at 2225. The market ended lower with a black bar. It was sellers' market with an extra accumulation to that of the day before.
The market open within one of the suggested points but did not move accordingly. It has been a week and no "action" was recorded.

Today

The forecast for today are as follows ;
1) If the market opens between 2233 to 2244. Sell after the market has moved down passing the levels between 2223 to 2228. If the market manages to break down the levels between 2216 to 2221, the m arket may fall further down.
2) If the market opens between 2245 to 2251. Buy after the market has moved up beating the levels between 2256 to 2261.
3) If the market opens between 2220 to 2232. Sell after the market has moved up a bit and then falls 5 points below the opening level.

OR ( before 11.40a.m. )

4) If the market opens between 2225 to 2240. Sell after the market has broken down the level 2224 and then moves up to the levels between 2235 to 2240.
5) If the market opens between 2214 to 2224. Sell after the market has moved up to the levels between 2235 to 2240.
6) If the market opens other than the above, it is up to you, how do I know?
7) Also refer to my postings dated 12th January, see #6

If you are uncertain, just give a call to your futures dealer........not your mother.

Have a nice trading day, guys....

P/s Actually it is much easier to forecast the market while the market is in action rather than to forecast before it opens. If you can't make it, don't be like a sad dog...

9.55am

Wednesday, November 11, 2009

CPO : Moving South?

Due to some reasons, I was not able to comment on last Monday's forecast - 9 November( Well, actually I was a little bit of overslept). Anyway the market did open within the suggested forecasts but did not move accordingly.

Today

In brief, the forecast for toaday market's direction are as follows;

1) If the market opens between 2235 to 2245. Sell after the market has retraced passing the levels between 2225 to 2230. The market may fall further if the levels between 2216 to 2221 are broken down.
2) If the market opens between 2227 to 2234. Sell after the market has moved down passing the levels between 2216 to 2221.
3) If the market opens between 2251 to 2261. Buy after the market has moved up beating the levels between 2266 to 2271.
4) If the market opens between 2262 to 2269. Buy after the market has moved up passing the levels between 2275 to 2280.
5) If the market opens between 2246 to 2250. Sell after the market has moved up 5 points above the opening level.

OR ( Before 11.40a..m.)

6) If the market opens between 2235 to 2245. Sell after the market has retraced passing down the level 2234 and then moves up to the levels between 2243 to 2249.
7) If the market opens between 2225 to 2234. Sell after the market has moved up to the levels between 2243 to 2249.
8) Also refer to my posting dated 12th January, see #6


Have a nice trading day guys.....

8.30a.m.

Monday, November 9, 2009

CPO: Hope ?

The CPO ( Crude Palm Oil) futures for January contract open at 2260 and closed at 2246 last Friday. The highest was at 2254 and the lowest was at 2230. The market ended lower with a black bar with a difference of a point from the day before.

The market did not open within the one of the suggusted forecasts, so no action for last Friday! In fact for the past one week, not even one trade was in action! No action means no money was lost........yabadabadoo...

Today

The forecast for today ;

1) If the market opens between 2241 to 2256. Sell after the market has moved up 7 points above the opening level.
2) If the market opens between 2257 to 2262. Buy after the market has moved up passing the levels between 2267 to 2272.
3) If the market opens between 2230 to 2240. Sell after the market has fallen down passing the levels between 2220 t 2225.
4) If the market opens between 2247 to 2252 ( overlapping to #1). Sell after the market has dropped passing down the levels between 2236 to 2241.
5) If the market opens between 2215 to 2229. Sell after the market has moved up a bit and then falls 5 points below the opening level.

OR ( before 11.40a.m.)

6) If the market opens between 2230 to 2265. Sell after the market has broken the level 2229 and then moves up to the levels between 2260 to 2265.
7) If the market opens between 2220 to 2229. Sell after the market has moved up to the levels between 2260 to 2265.
8) If the market opens other then the above, it is your call...
9) Also refer to my posting dated 12th January , see #6.


If you are not sure, just contact your dealer or the person as in the picture above..... ( looks quite fimiliar, don't you think so?).....



Have a nice trading day, guys....


P/s .....no p/s today....


8.47am

Friday, November 6, 2009

CPO: Stuck In Between


The CPO ( Crude Palm Oil ) futures for January contract open at 2245 and closed at 2247 yesterday. The highest was at 2254 and the lowest was at 2232. The market ended lower with a white bar and yesterday's afternoon market was buyers' market. The open interest has also reduced indicating that investors were disposing their position.
The market open within the suggested forecast, see #1, but did not fall according to the needed points - so ,again, no action yesterday!

Today

The forecast for today;

1) If the market opens between 2247 to 2254. Sell after the market has dropped passing down the levels between 2236 to 2241.
2) If the market opens between 2250 to 2259. Buy after the market has moved up beating the levels between 2265 to 2270.
3) If the market opens between 2233 to 2243. Sell after the market has dropped passing down the levels between 2223 to 2228.
4) If the market opens between 2237 to 2247. Sell after the market has moved up passing the levels between 2248 to 2253 and then falls to the levels between 2236 to 2241.
5) If the market opens between 2220 to 2232. Sell after the market has moved up a bit and then falls down 5 points below the opening level.
6) If the market opens between 2250 to 2259. Buy after the market has moved up passing the levels between 2265 to 2270.

OR ( Before 11.40 a.m.)

7) If the market opens between 2233 to 2245. Sell after the market has broken down the level 2232 and then moves up to the levels between 2240 to 2245.
8) If the market opens between 2223 to 2232. Sell after the market has moved up to the levels between 2240 to 2245.
9) If the market opens other than the above, it is your call , Mike.....I am blank now......

If you are not sure, just call your futures dealer, who else?

Have a nice trading day, guys.......

8.58am

Thursday, November 5, 2009

CPO : A New Breakout

The CPO ( crude Palm Oil ) futures for January contract open at 2210 and closed at 2260 yesterday. The highest was at 2273 and the lowest was at 2207. The market ended higher with a white bar and was a seller's market.

The market did not open within the suggested forecast and in fact it managed to beat up the highest of the last date of 23rd of October's performance.

Today

Theoritically, after the market has broken into a new high, the market is expected to move further high despite a few corrections along the way. Anyway, today's direction still depends on the opening of the market today.

1) If the market opens between 2235 to 2262. Buy after the market has dropped 11 points after the opening. Make sure that this 11 points down does not exceed the level 2224 and below. More significant if the market opens more towards the upper level of the 2235-to-2262 levels.
2) If the market opens between 2224 to 2234. Sell after the market has retraced beating down the levels between 2214 to 2219.
3) If the market opens between 2209 to 2223. Sell after the market has moved up a bit and then falls 5 points below the opening level. The market may fall further if the levels between 2197 to 2202 are broken.

OR ( before 11.40 a.m )

4) If the market opens between 2224 to 2240. sell after the market has broken down the level 2233 and then moves up to the levels between 2236 to 2239.
5) If the market opens between 2210 to 2223. Sell after the market has moved up to the levels between 2236 to 2239.
6) Also refer to my posting dated 12th January, see #6


Have a nice trading day, guys....

P/s I am not in a high spirit today...

8.54am

Wednesday, November 4, 2009

CPO: Still Sideline?

The CPO ( Crude Palm Oil ) futures for January contract open at 2221 and closed at 2190 yesterday. The highest was at 2221 and the lowest was at 2183. The market ended lower with a black bar.

The market open within one of the suggested forecasts yesterday but did not move accordingly, so no action for yesterday!

Today

The forecast for today is as follows;

1) If the market opens between 2183 to 2193. Sell after the market has passed down the levels between 2170 to 2175.
2) If the market opens between 2194 to 2200. Sell after the market has moved up 5 points above the opening level. More significant if the market opens more towards the upper level of the 2194-to-2200 levels.
3) If the market opens between 2176 to 2188. Sell after the market has passed down the levels between 2165 to 2170.
4) If the market opens between 2165 to 2175. Sell after the market has moved up a bit and then falls to the levels between 2165 to 2170.

OR ( Before 11.40a.m.)

5) If the market opens between 2173 to 2183. Sell after the market has moved up to the levels between 2188 to 2194.
6) If the market opens between 2184 to 2197. Sell after the market has broken the level 2183 and then moves up to the levels between 2188 to 2194.
7) As usual, if the market opens other than the above, it is up to you guys.....
8) Also refer to my posting dated 12th January, see #6

If not sure......do whatever you like to do.....Mike

P/s Hillary Clinton's visits to Israel and Palestine have resulted "hillarious" jokes on her mission for the peace talk....hahahahahaha...

9.00am
9.13am- a little bit of updating

Tuesday, November 3, 2009

CPO : Sidelines Again?

The CPO ( Crude Palm Oil) futures for January contract open at 2160 and closed at 2208 yesterday. The highest was at 2213 and the lowest was at 2154. The market ended unchanged with a white bar.

The market open at 2160 and immediately moved up without any retracement to close at 2175 before lunch. In the afternoon, the market retraced to the lowest of the day at 2154 before shooting up to finally settle at 2208. The market open within one of the suggested forecasts but did not move accordingly, so there was no action for yesterday!

Today

The market, in long run is still bearish and the very very short term, the market is said to be in sidelines. The forecast for today;
1) If the market opens between 2176 to 2190. Sell after the market has passed down the levels between 2165 to 2170.
2) If the market opens between 2154 to 2164. Sell after the market has retraced and passing down the levels between 2145 to 2150.
3) If the market opens between 2220 to 2232. Buy after the market has retraced a bit and then moves up 5 points above the opening level.
4) If the market opens between 2105 to 2115. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) If the market opens between 2165 to 2175. Sell after the market has moved up passing the levels between 2176 to 2182 and then falls back again passing down the levels between 2165 to 2170.
OR ( Before 11.40 a.m.)
6) If the market opens between 2154 to 2180. Sell after the market has broken down the levels between 2150 to 2153 and then moves up again to the levels between 2167 to 2174.
7) If the market opens between 2140 to 2153. Sell after the market has moved up to the levels between 2167 to 2174.
8) If the market opens other than the above, it is your call.......who else?
9) Also refer to my postings dated 12th January , see # 6


If you are in doubt.....simply contact your dealer..or may the oppostion leader of a polical party


Have a nice trading day........guys.....


8.45am

Monday, November 2, 2009

CPO Upwards Now?

For the past two days, the CPO futures for January contract has shown an upwards movement and has managed to beat up the 2000 points level but can this level be able to be sustained?

Today

In long run, the market is stll bearish but the very short term, the market is a little bit bullish. The forecast for today;

1) If the market opens between 2176 to 2197. Buy after the market has dropped 5 points below the opening level. Make sure this 5 points down do not beat down the level 2176. More significant if the market opens more towards the upper level of the levels 2176-to-2197.
2) If the market opens between 2165 to 2175. Sell after the market has fallen passing down the levels between 2155 to 2160.
3) If the market opens between 2150 to 2160. Sell after the market has moved up a bit and then falls 5 points below the opening level.

OR ( Best before 11.40am)

4) If the market opens between 2165 to 2195. Sell after the market manages to break down the level 2164 and then moves up again to 2188 to 2193.
5) If the market opens between 2155 to 2164. Sell after the market has moved up to the levels between 2188 to 2193.


Have a nice trading day, guys....


9.10am

Tuesday, October 27, 2009

CPO : Still Moving South?

The CPO ( Crude Palm Oil ) futures for January contract open at 2235 and closed at 2218 yesterday. The highest was at 2235 and the lowest was at 2205. The market ended lower with a black bar.

The market open at 2235 ( see the graph enclosed ) and immediately dropped down passing the levels between 2217 to 2222 that was at 2220. Anyway the market stablised at 2220 to 2224 for a while before moving up to settle at 2225 before lunch.

The market open at 2229 in the afternoon, shot up a bit and then fell down to the lowest of the day at 2205 and finally closed at 2218. If you look at my forecast yesterday, see #1, and had placed a sell position between 2217 to 2220, you could have been able to make profits of between 10 to 15 points if you decided to dispose the position in the afternoon ( Well, I think you had no choice here because if you were to dispose before lunch, you could have ended up poorer by a few points )



That's about it, Mike.


Have a nice trading day everybody

8.30am

Monday, October 26, 2009

CPO Direction Today

Last Thursday, the market open at 2203 which was far above the forecasted levels, so will today's market opening will show almost the same scenario? If you look at last Friday's performance on Soy Bean Oil futures ( CBOT market), the market has shown sign of retracement. Will this retracement have an impact on Malaysia CPO's market? Hard to say right? Unless if you have some kind of psychic power, off course. If you do, you could have been a millionaire by this time, don't you think so?

Today

After opening strategy

1) If the market opens between 2227 to 2237. Sell after the market has dropped to pass down the levels between 2217 to 2222. If the market manages to pass down the levels between 2200 to 2204, the market may fall further down.
2) If the market opens between 2238 to 2247. Buy after the market has moved up passing the levels between 2248 to 2253. Be careful here as the market may fall back in due time.
3) If the market opens between 2215 to 2226. Sell after the market has moved up a bit and then falls 5 points below the opening level.

OR ( before 11.40 a.m )

4) If the market opens between 2227 to 2247.
4.1 Buy after the market has moved up beating the levels between 2248 to 2252 and then drops to the levels between 2234 to 2240.
4.2 Sell after the market has dropped passing down the levels between 2221 to 2226 and then moves up to the levels between 2234 to 2240.
5) If the market opens between 2248 to 2260. Buy after the market has fallen to the levels between 2234 to 224o.
6) If the market opens between 2213 to 2226. Sell after the market has moved up to the levels between 2234 to 2240.
7) As usual, if the market opens other than the above, it is your call....
8) Also refer to my posting dated 12th January , see #6


If uncertain, just contact your dealer, who else? Your uncle?


Have a nice trading day, Mike.......


P/s Cross your fingers this time, Mike....


8.30am

Thursday, October 22, 2009

Soy Bean Up

The CPO ( Crude Palm Oil) for January futures open at 2165 and closed at 2168. The highest was at 2175 and the lowest was at 2154. The market ended lower with a white bar and it was buyers' market ( which means that the market was dominated by sellers ).

The market open within the suggested forecast but did not move according to the forecasted direction. Yesterday market's movement was in a closed range and nothing much could be expected then.

Today

My forecast for today ( hopefully the market is not in a closed range like yesterday );

After Opening Strategy

1) If the market opens between 2165 to 2175 . Buy after the market has moved up passing the levels between 2180 to 2185.
2) If the market opens between 2154 to 2164. Sell after the market has passed down the levels between 2145 to 2150.
3) If the market opens between 2176 to 2185. Buy after the market has fallen a bit and then moves up 5 points above the opening level.
\4) If the market opens between 2145 to 2153. Sell after the market has moved up a bit and then falls 5 points below the opening level

OR ( Before 11.40 a.m.)

5) If the market opens between 2154 to 2175;
5.1 Buy after the market has moved up passing the levels between 2176 to 2180 and then falls to the levels between 2160 to 2165.
5.2 Sell after the market has fallen down passing the levels between 2148 to 2153 and then moves up to the level between 2160 to 2165.
6) If the market opens other than the above.... blah....blah...........
7) Also refer to my posting dated 12th January....blah...blah.....


Have a nice trading day, guys....blah...blah....( I have no mood and feel dull today... I don't know why.....but do you think you know ???? ... blah..blah...blah)


P/s Blah....blah.....blah.....blah......etc...

8.50am

Wednesday, October 21, 2009

Where To Now?

The CPO ( Crude Palm oil) futures for January's contract open at 2215 and closed at 2180 yesterday. The highest was at 2216 and the lowest was at 2161. The market ended lower with a black bar and again, it was a buyer's market.

One of the hardest thing to do in forecasting a market's direction is ; where the market is heading now? Sound crazy, don't you think so? Some indications, based on past performance, may look as if the market is heading upwards but after you have taken your position, the market turns the other way around. Then you cut loss. Then, again, it happens on and on......etc....

Yesterday the market open within the forecasted suggestions but it did not move according to expectation. So nothing happened! Yahoo ya badabadoo....

Today

After Opening Strategy:

1) If the market opens between 2172 to 2197. Sell after the market has moved up 7 points above the opening level.
2) If the market opens between 2191 to 2206 ( overlapping to #1). Buy after the market has moved up passing the levels between 2211 to 2216.
3) If the market opens between 2207 to 2217. Buy after the market has dropped a bit and then moved up passing 5 points above the opening level.
4) If the market opens between 2161 to 2171. Sell after the market has dropped passing down the levels between 2150 to 2155.

OR ( Before 11.40a.m.)

1) If the market opens between 2161 to 2208;
1.1 Buy after the market has moved up passing the levels between 2209 to 2215 and then falls to the levels between 2185 to 2190.
1.2 Sell after the market has dropped passing down the levels between 2155 to 2160 and then moves up to the levels between 2185 to 2190
2) If the market opens between 2209 to 2220. Buy after the market drops to the levels between 2185 to 2190.
3) If the market opens between 2150 to 2160. Sell after the market has moved up to the levels between 2185 to 2190
4) If the market opens besides the above, it simply is your call, cannot be other
5) Please refer to my postings dated 12th January, see #6

The best is to contact your futures dealer, if you are not sure...who else then?


Have a nice trading day, Mike.

9.05am.

Tuesday, October 20, 2009

CPO : Further Up?

The CPO ( Crude Palm Oil ) futures for January's contract open at 2200 and closed at 2197 yesterday. The highest was at 2217 and the lowest was at 2184. The market ended higher but with a black bar. It was the buyers' market yesterday. Since the market yesterday open higher than the forecasted level, so I think it is better for me to go to the next move.

Today's market direction is quite crucial as the market shows the probablity of further up is quite encouraging.

Today

In long run, the market is bullish and so is the very very short run. Anyway, I think, the market's performance would depend on the opening of the market today. The forecast for today; .
.
After opening strategy:

1) If the market opens between 2190 to 2206. Buy after the market has gone up and passed the levels between 2211 to 2216. More significant if the market opens more towards the upper part of the 2190-to-2206 levels.
2) If the market opens between 2207 to 2223. Buy after the market has dropped a bit and then moves up 5 points above the opening level.More significant if the market opens more towards the lower part of the 2207-to-2223 levels.
3) If the market opens between 2179 to 2189. Sell after the market has passed down the levels between 2174 to 2179. More significant if the market opens more towards the lower part of the 2179-to2189 levels.

OR ( before 11.40a.m.)

1) If the market opens between 2194 to 2213. Buy after the market has moved up beating the levels between 2215 to 2220 and then dropped to the levels between 2195 to 2201.
2) If the market opens between 2184 to 2210. Sell after the market has passed down the levels between 2178 to 2183 and then moves up to the levels between 2201 to 2206.
3) Also refer to my postings dated 12th January, see #6

If the market opens besides the above, as usual, it is up to you...... it's your money Mike!

If you are not sure.......just contact the PM.......the 1Malaysia guy!


Have a nice trading day, guys.....


P/s. Israel's war criminals will be charged in International Criminal Court in the Hague by UN Security Council?...Hahahahahahahahaha
.
9.25a.m.

Monday, October 19, 2009

CPO: Going Up?

For the past few days the market has not shown any big fluctuation except on last Thursday. The market looks as if it is in the sidelines again. In any market, there are 3 main types of phases ; up going, down going and sidelines.

Today

The forecast for today is as follows;

1) If the market opens between 2150 to 2178. Buy after the market has moved up passing the level 2179 and then retraced to the levels between 2155 to 2160.
2) If the market opens between 2179 to 2180. Buy after the market has dropped to the levels between 2155 to 2160, OR;
3) If the market opens between 2148 to 2168. Buy after the market has dropped 7 points from the opening level.
4) If the market opens between 2169 to 2178. Buy after the market has moved up passing the level 2179 and then retraced to the levels between 2155 to 2160.
5) If the market opens between 2138 to 2147. Sell after the market has dropped and passsed the level 2137 and then moves up to the levels between 2155 to 2160.
6) If the market opens other then the above, it is your call....
7) Please refer to my postings dated 12th January 2009, see # 6.

If you are not sure....no idea!

Have a nice trading day, guys!

8.45a.m.

Tuesday, October 13, 2009

Stop Situation

Sorry everybody and to those who have been following my blog, if there are any, because currently I am facing problems with my laptop computer's hardware as well as with my desk top computer ( is rather an old one ). Normally I am using streamyx connection but at this point of time I have to use the dial-up connection which is quite slow.

I would probably be back after 20th November. So for the time being I would not be able to do any forecasting.

Have a nice trading moment, guys...

Nick Sonny Johan

Tuesday, October 6, 2009

CBOT Follow CPO Or Vise Versa?

It seemed that the level 2077 has already been broken and the lowest level achieved was at 2028. You should have placed a sell position at that level, should not you? Will this be the lowest level within these few days? Or another lowest level will be broken? Can we rely on the performance of the CBOT or the price of the crude oil? Which is which, the CBOT follows the CPO or Vice versa? Hard to say, guys

Today

So my forecast for today;

1) If the market opens between 2038 to 2049. Buy after the market has moved up passing the level between 2055 to 2059.If the levels between 2059 to 2063 are broken, the market may move further up or at least in the early part of the trading day.
2) If the market opens between 2050 to 2057. Buy after the market has moved up passing the levels between 2062 to 2067.
3) If the market opens between 2063 to 2075. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2037 to 2046. Sell after the market has passed down the levels between 2026 to 2031.
5) If the market opens other than the above, it is your call, Mike.
6) Please refer to my posting dated 12th January, see # 6

As usual, if you are not sure......who cares!!!! ( Sorry, I am only joking, don't take it to heart)

Have a nice trading day, guys

8.30am

Friday, October 2, 2009

CBOT Up Yesterday, CPO Today : Part 3 ?

The CPO ( Crude Palm Oil ) futures for December contract open at 2125 and closed at 2115 yesterday. The highest was at 2130 and the lowest was at 2112. The market ended higher even though it was a black bar. Yesterday was also a buyer's market. The market is still in the sideways range.

If you look at my forecast yesterday, the market open at 2125 ( see #3) and immediately it climbed up to 2130 , the highest of the day, and it then started to retrace slowly to finally close at 2115. Again, nothing happen , again, yesterday!

Today

The CBOT market for soybean oil has been moving encouragingly upwards for the past 3 days and yet the same situation did not materialise back here in Malaysia, so I would rather prefer not to enter the market at this point of time. I presume, unless the levels either at 2077 or 2192 are broken, I would just rather wait as the picture shown above.
.
.
Those who decide to enter the market today - Have a nice trading day, guys...


8.25am

Thursday, October 1, 2009

CBOT UP Yesterday, CPO Today : Part 2 ?

The CPO ( crude Palm Oil ) futures for December contract open at 2115 and closed at 2103 yesterday. The highest was at 2121 and the lowest was at 2096. The market ended lower with a black bar and it was buyers' market. As for my forecast, the market open not within the forecasted points yesterday, so just let it be! Don't worry, be happy!
.
Today

It seems that the market is still in the sideways situation. A big movement and direction would occur if the levels 2077 or 2192 are broken. The forecast for today ;

1) If the market opens between 2103 to 2114. Buy after the market has moved up passing the levels between 2120 to 2125. If the market manages to beat up the levels between 2133 to 2138, the market may go further up.
2) If the market opens between 2101 to 2113. Sell after the market has retraced and passed down the levels between 2090 to 2095.
3) If the market opens between 2120 to 2125. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2065 to 2077. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) If the market opens besides the above, I think you know what you are going to do next.
6) Please refer to my posting dated 12th January, see #6.

If you are not sure....then please be very sure...

Have a nice trading day , Mike...........cheers

8.50am

Wednesday, September 30, 2009

CBOT Up Yesterday, CPO Today?

The CPO ( Crude Palm Oil) futures for December contract ended up slightly higher yesterday. Anyway the market ended up a black bar.

Today

In long term the market is still bearish but the very short term, the market is slightly bullish. My forecast for today's market is as follows ;

1) If the market opens between 2093 to 2102. Sell after the market has retraced and passed down the levels between 2083 to 2088.
2) If the market opens between 2104 to 2114. Sell after the market has passed down the levels between 2093 to 2098 or buy if the market moves up passing the levels between 2110 to 2115.
3) If the market opens between 2116 to 2127. Buy after the market has moved up and passed the levels between 2132 to 2137.
4) If the market opens between 2132 to 2145. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
5) If the market opens other than the above, it is up to you, guys....
6) Also refer to my posting dated 12th January , see # 6.

As usual, if you are not sure, just consult your dealer but never your son, he is more interested in the h/phone rather than anything.

Have a nice trading day, guys.....cheers.

P/s The picture above looks familiar just like a passport picture of someone that you know !

8.55am

Friday, September 18, 2009

CPO: Am I Running Out Of Luck?

The CPO futures' market for November contract ( actually it should be the December contract ) on 16th September was open not within the forecasted levels. So, as usual, there should be no comment on the matter.

The setback of using this "Opening Strategy" is that if the market opens not within one of the suggested forecasts, then a day of trading would be wasted. If this happens for several days, it would mean more days would be wasted. So it is suggested that a person should have multiple of strategies so that if one strategy does not work, he still has other methodologies to follow.

Today

As for today and a few days next week, I am going for a short days off for my Hari Raya, so I would rather feel not to do any forecast for today. Further more I could see that lately the volatility of the market has not been very encouraging.


Have a nice trading day guys.....


Selamat Hari Raya


1.00am

Wednesday, September 16, 2009

CPO : Sideline Again?

The CPO ( Crude Palm Oil ) futures for November contract open at 2098 and closed at 2101 yesterday. The highest was 2118 and the lowest was 2085. The market ended higher and it was a buyer's market.
Since the market open not within one of the suggested forecasts, then there was no money acquired yesterday.

Today
.
In a very short term, the market now is in the sidelines or uncertainty period. The forecast for today ;

1) If the market opens between 2095 to 2106. Buy after the market has moved up passing the levels between 2112 to 2117.
2) If the market opens between 2071 to 2082. Sell after the market has retraced and passed down the levels between 2060 to 2065.
3) If the market opens between 2108 to 2120. Buy after the market has retraced a bit and then moves up 5 points above the opening level.
4) If the market opens besides the above, it is simply your call....
5) Also refer to my posting dated 12th January, see #6


If you are not sure , just contact Cpt. Marvel....( see picture above).


Have a nice trading day everybody...........


8.00am

Tuesday, September 15, 2009

Cpo: Temporary Reversal?

.
Last Friday, the CPO ( crude palm oil) futures for November contract open not within one of the suggested forecasts. So , due to this, I am not going to give any comment on the matter.

Today

In short term the market is bearish now, so the forecast for today would be as follows ;

1) If the market opens between 2080 to 2097 . Sell after the market has moved up 8 points above the opening level.
2) If the market opens between 2103 to 2115. Buy after the market has passed the levels between 2120 to 2126.
3) If the market opens between 2070 to 2079. Sell after the market has passed down the levels between 2060 to 2065.
4) If the market opens between 2045 to 2065. Sell after the market has moved up a bit and then falls 6 points below the opening level.
5) If the market opens other than the above, it is simply your call......
6) Also refer to my posting dated 12th januaryt, see #6.

If you are not sure just contact Muntader al Zeidi, he might be able to help you.

Have a nice trading day, guys...

8.05am

Friday, September 11, 2009

CPO : Moving Upwards?

The CPO market for the past 2 days have shown sign of uncertainty and could be in sideline position. In this aspect, the strategy that could be implemented is to apply the mechanism of contrarian strategy which means sell where you are supposed to buy and vise versa. As usual, this strategy has its own merit and demerit. Sometimes it can happen quite promisingly, on the other hand it can happen on the other way round.

Today

In long run, the market is still bearish but the short run, the market now looks like it is in bullish sentiment. So the forecast for today should just be a short one;
1) If the market opens between 2208 to 2222. Buy after the market has moved up passing the levels between 2228 to 2235
2) If the market opens between 2228 to 2239. Sell after the market has dropped a bit and then moved up 5 points above the opening level.
3) If the market opens between 2180 to 2193. Sell after the market has retraced passing down the levels between 2168 to 2174.
4) If the market opens between 2164 to 2174. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) If the market opens besides the above, it is your call.... I simply has no more ideas, guy


Well, as usual, if you are not sure simply call the MACC ........


P/s.......


8.15am

Wednesday, September 9, 2009

CPO : Straight Losses

The CPO ( Crude Palm Oil ) futures for November contract open at 2141 and closed at 2210 yesterday. The highest was at 2210 and the lowest was at 2135 . It was the buyers' market and it ended higher.

So, if a sell position was placed yesterday at 7 points above the opening level as suggested by the forecast, one would ended up losing some money. Yesterday also indicated 3 consecutive days of losses. What more can I say, man.


Today

I think I better refrain from making any forecast for today



Have a nice trading day, guys..

8.00am

Tuesday, September 8, 2009

CPO Keeps Moving Southwards

The CPO ( Crude Palm Oil) futures for November contract ended lower on last Friday dated 4th September. The market open at 2218 ( see #2) and immediately fell to 2204 before shooting up and be at the top level for most of the day. So had a sell position been placed between 2008 to 2013, a loss of at least 20 points could not have been avoided. So that was what had happeded to me! Two consocutive days of losses. What a day!

Today

In long run, the market is now in bearish postion and so is the very short term. The forecast for today ;

1) If the market opens between 2136 to 2151. Sell after the market has moved up 7 points above the opening level.
2) If the market opens between 2125 to 2135. Sell after the market has retraced and passed down the levels between 2115 to 2120.
3) If the market opens between 2152 to 2161. Buy after the market has moved up and passed the levels between 2166 to 2172.
4) If the market opens between 2166 to 2177. Buy after the market has dropped a bit and then moved up 5 points above the opening level.
5) If the market opens between 2178 to 2186. Buy after the market has dropped a bit and then moved up 5 points above the opening level or buy after the market has moved up 5 points above the opening level.
6) If the market opens between 2100 to 2119. Sell after the market has moved up a bit and then falls 5 points below the opening level.
7) If the market opens other than the above, it is your call.....I am blank now.


Have a nice trading day, guys...

P/s. The new PM of Israel, Netanyahu, has made an announcement to build about 350 unit of houses in the occupied land of Pelastine. This is his first action regarding the occupied land after taking office. He is nothing but ....?!#@$%^&%$!? ( Well, that is the most that I can do....)

8.30am

Friday, September 4, 2009

Cpo: New Leads?

The CPO ( Crude Palm Oil) futures for November contract open at 2226 and closed at 2218 yesterday. The highest was at 2258 and the lowest was at 2218. The market ended lower with a black bar eventhough it was a buyer's market

If you refer to my forecast yesterday, see # 3, the market open at 2226 and since then it kept moving up to end higher in the morning session. Had you place a sell position at 5 points above the opening, you would have ended poorer than the day before. If you prolong to after lunch, it would have been much worst. Yesterday, I made a loss of 20 points!

Today

The market, in long run, is still bullish but the very short term, is bearish. ;

1) If the market opens between 2225 to 2232. Sell after the market has moved up 7 points above the opening level or sell after the market has fallen down 5 points below the opening level.
2) If the market opens between 2218 to 2224. Sell after the market has fallen down passing the levels between 2208 to 2213.
3) If the market opens between 2233 to 2238. Buy only after the market has moved up and passed the levels between 2243 to 2248.
4) If the market opens between 2239 to 2247. Sell after the market has moved up 7 points above the opening level.
5) If the market opens between 2248 to 2258. Buy after the market has passed up the levels between 2263 to 2270.
6) If the market opens between 2272 to 2280. Buy after the market has dropped 7 points below the opening level or buy after the market has moved up 5 points above the opening level.
7) If the market opens between 2193 to 2213. Sell after the market has dropped 7 points below the opening level.
8) If market opens besides the above...it is your call...you can call anybody you like.
9) Please refer to my posting dated 12th January, see #6.

If you are not sure.....well,..er..mmmm....nnnn....bbbb

Have a nice trading day, guys..

8.50am

Thursday, September 3, 2009

Cpo: Not Very Promising?

The market for the past one week has not been promising probably because the market was uncertain except for the past two days where the market has shown a kind of direction. This could be due to the fall in crude oil prices in the world market quite recently.

Today

In long run, the market is still bullish but the very very short run, the market is already in bearish situation. The forecast for today;
.
1) If the market opens between 2273 to 2283. Buy after the market has dropped 5 points below the opening level or buy after the market has moved up 5 points above the opening level.
2) If the market opens between 2238 to 2266. Sell after the market has moved up 7 points above the opening level.
3) If the market opens between 2220 to 2233. Sell after the market has moved up 5 points above the opening level or sell after the market has fallen 5 points below the opening level.
4) If the market opens between 2195 to 2215. Sell after the market has fallen 7 points below the opening level.
5) If the market opens between 2288 to 2310. Buy after the market has moved up 7 points above the opening level.
6) If the market opens beside the above, it is your call......I am blank......
7) Please refer to my posting dated 12th January , see # 6

That's about it. If you are not sure.....please refer to your futures dealer. If you are still not sure...then just let it be...


Have a nice trading day...guys and smile.
.
9.45am.

Wednesday, August 19, 2009

Stll Going Down?

The CPO ( Crude Palm Oil) futures for November contract open at 2360 and closed at 2375 yesterday. The highest was at 2390 and the lowest was at 2355. The market ended higher with a white bar.

The market open at 10.30 a.m. at 2360 , immediately dropped to 2357 and then moved up to 2380, the highest in the morning session. The market then dropped down again to 2355, the lowest of the day before settling at 2370 before lunch. In the afternoon, the market shot up to 2390, the highest of the day, before finally closed at 2375.


If you look at my forecast yesterday( see #1) and if you decided to buy at 2365 ( with 15 to 20 points stop loss – my posting dated 12th January ; see #6), you definitely would be making profits of between 10 to 15 points if you were to sell before lunch break. If you decided to prolong to after lunch, you would be making another 5 to 10 more points of profits ( see enclosed graph ).



So, that’s about it.



Have a nice trading day, guys..



3-8.05am.

Tuesday, August 18, 2009

CPO : Road To South

It has been a month, that was from 14 July to 13th August, that the CPO futures market has shown an upward movement but on last Friday and yesterday, the market have indicated that it was moving southwards. Will this downwards movement prolong in the next few days? It is hard to say as you can never forecast the market performance even if you have the mean to do so because the market's direction is largely motivated by human factors.

Today

In the long run, the market is still bullish and so is the medium term but the very very short term, the market now is bearish. The forecast for today ;

1) If the market opens between 2356 to 2362. Buy after the market has dropped 5 points below the opening or buy after the market has moved up 5 points above the opening point.
2) If the market opens between 2363 to 2370. Buy after the market has moved up passing the levels between 2375 to 2380.
3) If the market opens between 2375 to 2395. Buy after the market has dropped a bit and then moves up 6 points above the opening level.
4) If the market opens between 2335 to 2350. Sell after the market has moved up 8 points above the opening level.
5) If the market opens between 2325 to 2334. Sell after the market has dropped and passed the levels between 2315 to 2320.
6) If the market opens between 2300 to 2320. Sell after the market has moved up a bit and then falls 6 points below the opening level.
7) If the market opens other than the above...it is up to you...anyway it is your money!
8) Please refer to my posting dated 12th January, see #6


As usual, if you are not sure...er..er...mmmm...er... just contact your futures dealer, who else.

P/s.......:-) :-) :-) :-) :-) etc...

Have a nice trading day....
.
3-9.26am

Friday, August 7, 2009

CPO : Soy Bean Down

The CPO ( Crude Palm Oil ) futures for October contract open at 2300 and closed at 2325 yesterday. The highest was at 2345 and the lowest was at 2275. The market ended lower with a white bar.

Having open at 2300, the market immediately moved up to 2308 and then fell to 2275, the lowest of the day, before moving up again to settle at 2293 before lunch break. In the afternoon, the market kept climbing up to 2345, the highest of the day, before finally closed at 2325.

If you look at my forecast yesterday, see # 3, after the market open, it moved up a bit ( 8 points ) and then fell to 25 points after the opening to the lowest of the day. If , say, you had placed a sell position at 2294, you would probably have been able to make profits between 10 to 19 points. As in a day trading, the moment you see some profits, it is better for you to lock them up before the market goes against you because if you decide to prolong, you may not end up to what you may expect it to be.

Today

As for today, I'd like to take a rest from doing any forecasting....yabadabadooo..



Have a nice day and enjoy your trading, guys.....


3-8.40am

Thursday, August 6, 2009

CPO Next Move

The CPO ( Crude Palm Oil ) futures for October contract open at 2331 and closed at 2333 ysterday. The highest was at 2357 and the lowest was at 2304. The market ended higher with a small white bar.

The market open at 2331, dropped a bit and then moved up to 2357, the highest of the day, before dropping back to 2339 before lunch break. In the afternoon, the market kept falling down to the lowest of the day before pulling up again to close higher at 2333.

If you look at my yesterday's forecast (see#1), and had, say, placed a buy position at 2346, then you would be in a situation of ; making profits of between 2 to 10 points or making a loss of 2 to 10 points if you decided to close position just before lunch. Had you decided to prolong after the morning session, you would have definitely ended upwith a burn in your pocket .

Today

Well, this week's performance, if you are to use this opening-strategy, has not been good, don't you think so? Then, it should mean that you must not depend on one strategy only but have to have a few other strategies as well. At least, it will make sure that you have other methods to enter and exit the market.

My forecast for today;

1) If the market opens between 2314 to 2324. Sell after the market has moved up 6 points above the opening level. Any way, if the market keep moving up and passes the levels between 2346 to 2352, the market may move further up especially if the market opens more towards the upper level of the 2314-2324 points.
2) If the market opens between 2331 to 2341. Buy after the market has moved up beating the levels between 2346 to 2352.
3) If the market opens between 2304 to 2313. Sell after the market has fallen and passed down the levels between 2294 to 2299.
4) If the market opens between 2280 to 2303. Sell after the market has moved up a bit and then falls 6 points below the opening level or sell after the market has fallen 6 points below the opening level.
5) If the market opens other than the above, it is your call....
6) Please refer also to my posting dated 12th January ( see # 6)


If not sure...just contact anybody whom you think you can trust but not....me!!!


Have a nice trading day, guys....


3-9.50am

Wednesday, August 5, 2009

To Fall Further?

Sorry everybody. I was not available to comment on my last forecast dated 3rd August due to some reasons (....actually I was overslept ). If you look at my forecast on that particular day, the market open at 2232 but due to the fact that the 13 points sell's situation suggested had already exceeded 2237 , so , theoretically, sell position was not supposed to have taken placed.

Today

In the short term, the market is still bullish but the very very short term is now bearish. My forecast for the day are as follows;

1) If the market opens between 2298 to 2334. Sell after the market has moved up 9 points above the opening level. Any way, just be careful here because if the market manages to beat up the levels between 2346 to 2351 especially if the market opens more towards the upper level of the 2298-to-2334 levels, the market may go further up or if the market opens between 2330 to 2341 and manages to beat up the levels between 2346 to 2351 - Buy here because the market may go further up and may end up a white bar today or at least in the early part of the trading day.
2) If the market opens between 2335 to 2344. Buy after the market has moved up passing the levels between 2345 to 2350. The market may go further up and a white bar may be formed today or at least in the early pasrt of the trading day.
3) If the market opens between 2288 to 2297. Sell after the market has retraced passing down the levels between 2278 to 2283. The market may fall further if these levels are to be broken.
4) If the market opens between 2263 to 2283. Sell after the market has moved up a bit and then falls passing 6 points below the opening level or sell after the market has dropped 6 points below the opening level.
5) If the market opens between 2350 to 2357. Buy after the market has dropped a bit and then moves up 5 points above the opening level or buy after the market has moved up 6 points above the opening level.
6) If the market opens besides the above.....it is your call
7) Please refer to my posting dated 12th January, see #6.


Have a nice trading day, guys...

3-9.40am

Monday, August 3, 2009

CPO Reversal ?

Last Friday, the CPO ( Crude Palm Oil ) futures for October contract open at 2206 and closed at 2189. The highest was at 2248 and the lowest was at 2175. The market ended lower and was a black bar.

The market open far too high from what had been forecasted, so let us just move on to today's forecast instead.

Today

In long run, the market is still bearish. The medium run, the market is bullish and the very very short run, the market is bearish now. So the forecast for the day ;

1) If the market opens between 2186 to 2237. Sell after the market has moved up 13 points above the opening level. Make sure that these 13 points do not exceed the level 2237 when the market opens. Be careful of the false alarm and do not forget your stop loss.
2) If the market opens between 2238 to 2248. Buy after the market has passed up the levels between 2253 to 2258. If you see any profits, just lock them up!
3) If the market opens between 2175 to 2185. Sell after the market has fallen and passed down the levels between 2165 to 2170.
4) If the market opens between 2148 to 2170. Sell after the market has moved up a bit and then falls 7 points below the opening level.
5) If the market opens other than the above, it is your call....Of course, who else?
6) As usual, please refer to my posting dated 12th January ( see # 6 )


If you are in doubt, just contact your dealer. He/she will advice you ( Will he/she? )



Have a nice trading day, everybody...


P/s I have no idea for today....

4-8.47am

Friday, July 31, 2009

Further Up ?

The CPO ( Crude Palm Oil) futures for October contract open at 2111 and closed at 2145. The highest was at 2155 and the lowest was at 2098 yesterday. The market ended higher and was a white bar.

The market open at 2111 and immediately dropped to 2098, the lowest of the day, before shooting up to close at 2118 just before lunch ( see enclosed graph ). After lunch, the market kept moving up to finally close at 2145. Well, yesterday I made a loss of about 20 points because I placed a sell position at 2106. After placing my position, the market started to go against me by moving up and I had no choice but to cut loss at 2126. That is it, you can't win them all!

Today

Are you still interested to know about my forecast for today ? Or may be you have already lost your confident , who knows. For those who still want to 'hear' about my today's forecast; the forecast is as follows:
1) If the market opens between 2134 to 2145. Buy after the market has dropped 5 points below the opening level. As usual, be xtra careful of the false alarm and do not forget your stop loss.
2) If the market opens between 2146 to 2165. Buy after the market has dropped a bit and then moves up 5 points above the opening level or buy after the market has moved 6 points above the opening level. If you see any profits, just lock them up.
3)If the market opens between 2113 to 2124. Sell after the market has retraced to pass down the levels between 2103 to 2108. If these levels are breached, the market may fall further or at least in the early part of the trading day.
4) If open other than the above, it's to your decision.....
5) Please refer to my posting dated 12th January ( see # 6)


If you are not sure........just do whatever you feel like doing except do not do something that against the law and whatever your religion forbids ( unless you don't care about religion)


Have a nice trading day, guys....


P/s ...??

3- 9.08am

Thursday, July 30, 2009

CPO Futures - Ding Dong

The CPO ( Crude Palm Oil) futures for October contract open at 2128 and closed at 2140 yesterday. The highest was at 2158 and the lowest was at 2109. The market ended lower and was a black bar.

Yesterday the market open within one of the forecasted levels but did not move accordingly. As usual, no comment.

Today

In long run, the market is still bearish but the short and medium terms, the market is bullish now. The forecast for today ;

1) If the market opens between 2109 to 2118. Sell after the market has retraced to pass down the levels between 2100 to 2105. If the market manages to fall down the levels between 2075 to 2080, the market may fall further down and it may end a black bar today or at least in the early part of the trading day.
2) If the market opens between 2119 to 2128. Sell after the market has moved up 5 points after opening level. Be xtra careful of the false alarm and do not forget your stop loss.
3) If the market opens between 2129 to 2138. Buy after the market has moved up and passed the levels between 2143 to 2148. If these levels are broken up, the market may go further up.
4) If the market opens between 2085 to 2104. Sell after the market has moved up a bit and then falls 7 points below the opening level.
5) If the market opens between 2139 to 2150. Buy after the market has retraced a bit and then moves up 6 points above the opening level or buy after the market has moved 6 points above the opening level.
6) If the market opens besides the above....it's your move....or may be you can go out and watch The Room - voted to be the Best Worst Film Ever Produce.
7) Please refer to my posting dated 12th January ( see #6 )


If not sure....then you are not sure..what else!


Have a nice trading day, guys/ gals...


P/s - Have u seen The Room? People are flocking to the theatre, in US, to watch this Best Worst Film ever produced.
3-9.01am

Wednesday, July 29, 2009

CPO Futures Ends Higher

The CPO ( Crude Palm Oil ) futures for October contract open at 2125 and closed at 2140 yesterday. The highest was at 2146 and the lowest was at 2106. The market ended higher and was a white bar.
.
The marke did not open within the suggested forecasts, so no comment for today.

Today

In long term, the market is still bearish but the very very short and medium term, the market is bullish. My forecast for today;

1) If the market opens between 2130 to 2146. Buy after the market has fallen 5 points below the opening level or/and if the market opens between 2136 to 2146; Buy after the market has fallen 5 points below the opening level or buy after the market has moved up 7 points above the opening level. Be xtra careful of the false alarm and do not forget your stop loss.
2) If the market opens between 2147 to 2156. Buy after the market has dropped a bit and moved up 5 points above the opening level or buy after the market has moved 7 points above the opening level.
3) If the market opens between 2157 to 2171. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2120 to 2129. Sell after the market has passed down the levels between 2110 to 2115
5) If the market opens between 2095 to 2115. Sell after the market has moved up a bit and then falls 5 points below the opening level.
6) If the market opens other than the above...It is your call...I just do not know what to say...
7) Plese refer to my posting dated 12th January 2009 ( see # 6)
.
.
Have a nice trading day, guys...
.
.
3-1.08am

Tuesday, July 28, 2009

CPO Market Directionless?

The CPO ( Crude Palm Oil) futures for October contract open at 2090 and closed at 2098. The highest was at 2116 and the lowest was at 2085. The market ended lower and was a white bar.
.
The market open within the forecasted level but it did not really follow what was suggested.

Today

In long term, the market is still bearish ( see enclosed chart ) but the very very short term, the market looks like it is bullish now. The forecast for today;

1) If the market opens between 2106 to 2116. Buy after the market has managed to pass the levels between 2122 to 2127. If this happens, the market may go further up and may end up a white bar or at least in the early part of the trading day.
2) If the market opens between 2089 to 2099. Sell after the market has passed down the level between 2079 to 2084. If the market manages to pass down the levels between 2073 to 2078, the market may fall further.
3) If the market opens between 2065 to 2083. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens other than the above, it is up to you guys......how do I know anyway.
5) Please refer to my postiong dated 12th January ( see # 6)


If you are not sure, just contact your dealer but not your maid....she is more interested in going back to her country, be it Indonesia or Philiphines...

Have a nice trading day guys.


P/s. Netanyahu, the PM of Israel, says he is ready to attack Iran at any time. When it comes to Iran, Israel is just like Nato ( No action, talk only)


3-8.40am

Monday, July 27, 2009

Contrarian Effect Again?

The market , currently, is said to be in consolidation period and many expect the market to fall further. As for me, it still depends on the opening level of the market today.
.
.
Today

My forecast for today;

1) If the market opens between 2075 to 2124. Buy after the market has fallen 13 points after the opening level. The market would be more significant if it opens more towards the upper level of the 2075 -to-2124 levels. Just be careful of the false alarm and also to make sure that the 13 points down do not exceed the level 2062.
2) If the market opens between 2125 to 2134. Buy after the market has passed the levels between 2140 to 2145.
3) If the market opens between 2062 to 2074. Sell after the market has retraced and passed down the levels between 2050 to 2057.
4) If the market opens between 2140 to 2160. Buy after the market has dropped a bit and then moves up 6 points above the opening level.
5) If the market opens between 2040 to 2057. Sell after the market has moved up a bit and then falls 7 points below the opening point.
6) if the market opens other thna the above, it is simply up to you, guys......
7) Please refer to my posting dated 12th January ( see #6)

If you are in doubt, just contact your dealerlah.....Do not contact your grandfather as he only knows how to wistle while brushing his teeth.....

Have a nice trading day, guys....

5- 9.14am

Thursday, July 16, 2009

CPO : Where To Now

The CPO ( crude palm oil ) futures for September contract open at 2054 and closed at 2103 yesterday. The highest was at 2124 and the lowest was at 2049. The market ended higher with a white bar.

The market open at 2054, dropped a bit to 2049, the lowest of the day, and then shot up to 2102 before closing at 2096 before lunch ( see enclosed graph ). In the afternoon, the market open at 2107 , moved up to 2124, the highest of the day, and then retraced to finally closed at 2103. If you look at my forecast yesterday ( see #1) and if you were to place a buy position , say at 2065, you would probably have made profits of between 10 to 30 points before lunch. If you decided to prolong to after lunch, you could have made extra profits of between 10 to 20 points more.




That's about it for today.


Have a nice trading day

P/s I still am facing the problem of internet connection in my area. What happens to this TM ?
They are nothing but pokemon...


3-8.30 am

Wednesday, July 15, 2009

CPO Market To Go Up?

Some say the market now could be at the lowest point and may reverse to go up at any time. The question now is when? Or the market may not go up for the time being and instead is preparing to go down south. So which is which?
.
Today
.
In the long run, the market is still bearish but the short term the market is in the uncertainty situation.
.
.
My forecast for today ;
.
1) If the market opens between 2038 to 2055. Buy after the market has dropped 9 points from the opening point. Be careful of the market false alarm or buy after the market has passed the levels between 2060 to 2065.
2) If the market opens between 2056 to 2068. Buy after the market has dropped 9 points from the opening level. Be careful of the market false alarm.
3) If the market opens between 2068 to 2078. Buy after the market has passed the levels between 2083 to 2088.
4) If the market opens between 2028 to 2038. Sell after the market has dropped and passed the levels between 2018 to 2023. The market may fall further if the levels between 2013 to 2017 are broken down.
5) If the market opens between 2003 to 2022. Sell after the market has moved up a bit and then falls 5 points below the opening level.
6) If the market opens between 2084 to 2100. Buy after the market has dropped a bit and then moves up 6 points above the opening level.
7) If the market opens other than the above, it is your call.....
8)Please refer to my previous posting dated 12th January ( see # 6)

That's about it, if you are not sure, just contact your dealer but not the political representative of your area as he only talks something that you would like to hear....


Have a nice trading day guys...


P/s I still have this intrupted internet connection problem from time to time and to Malaysians out there, if you are thinking of using Telekom Malaysia ( TM ) as your internet service provider, just forget it! This company is nothing but #@!*(08&^%$. If you make any complaint, they just simply ignore you!

6-8.46 a.m.

Friday, July 10, 2009

CPO Achtung !

I have been experiencing a terrible and very slow internet connectivity ( streamyx ) for the past one week. This happened not only to me but almost to all my friends in the same neighbourhood. The service provider has not been able to recognise the problem up to this point of time. Currently I am using a dial-up connection ( 1515 ) which is very very very slow indeed.

Sorry Mike, I'll be back when everything is in order and back to normal.

P/S To the service provider...you are nothing but #$@!&^.......@#!^&^

Friday, June 26, 2009

Where About Now

The CPO ( Crude Palm Oil ) futures for September contract open at 2268 and closed at 2336 yesterday. The highest was at 2340 and the lowest was at 2267. The market ended higher with a white bar.


The market open at 2268, immediately dropped a point to 2267 , the lowest of the day, and
then moved up to 2315 before closing at 2315 again before lunch. In the afternoon, the market kept moving up to the highest of the day at 2340 before finally settling down at 2336. ( see enclosed graph ).

If you look at my forecast yesterday ( see #1), the market open exactly at 2268 and managed to beat up the levels 2291 to 2296 at about 10.40a.m. If you were to place a buy position here as suggested, you would probably have made profits from 15 to 20 points just before lunch and had you decided to prolong in the afternoon, the profits could be from 15 to 50 points. How about me ? You may ask. Well, if you could regain your loss on the day before yesterday plus some profits, what more can you say. The market did beat up the levels between 2304 to 2310 ( see #1 ) and also move further up.


Have a nice trading day, guys....


P/s ......????

8-9.50a.m.