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.

CPO Futures - Indecision

The CPO ( Crude Palm Oil ) futures for September contract open at 2275 and closed at 2250 yesterday. The highest was at 2275 and the lowest was 2231. The market ended lower and was a black bar.

If you look at my forecast yesterday, the market open at 2275 and was at the upper part of the 2228-to-2289 levels but , after opening, the market kept falling down until it settled at 2250. Well, I made a loss -what else, after queing at 2260 and I had to sell to minimise my lose at 2240. As usual, you can't win them all.

Today

In long run, the market is still bearish but at this point of time , I think the market is in the indecisive situation. So my forecast for today :

1) If the market opens between 2268 to 2284. Buy after the market has moved up passing the level between 2291 to 2296. If the market manages to beat up the levels between 2304 to 2310, the market go further up.

2) If the market opens between 2233 to 2243. Sell after the market has retraced passing down the levels between 2223 to 2228.

3) If the market opens between 2207 to 2228. Sell after the market has moved up a bit and then falls down 6 points below the opening level. Jusat be careful here!

4) If the market opens above 2287 and then falls 'a bit ' below it and then rise again beating the levels between 2291 to 2297, the market go further up

5) If the market opens between 2304 to 2325. The market may go further up.

6) If the market opens other than the above, it is your call, Mike.

7) Please refer to my posting dated 12th January 2009 ( see #6)

If you are not sure , just contact your dealer but not your 2nd wife........she only like to hear if you make money not the other way around.

P/s What do you think of Obama's recent fly swatting ?

Have a nice trading day...guys

3-9.30am

Next Move

The market ended higher and was a white bar yesterday and in Japanese Candlesticks, yesterday's bar is said to have engulfed the previous bar. This would indicate that the market now is in the reversal pattern. Anyway, today's up trend direction is dependable on the opening and the continuing of the positive movement of the market.

Today

In long run , the market is still bearish but the very short term, the market now is bullish. Today's forecast are as follows;

1) If the market opens between 2228 to 2289. Buy after the market has dropped 14 points from the opening level. It would be more significant if the opening is more on the upper side of the 2228-to-2289 levels.

2) If the market opens between 2218 to 2227. Sell after the market has passed the levels between 2208 to 2213. The market may drop further if these levels are to be broken.

3) If the market opens between 2290 to 2299. Buy after the market has passed the levels between 2305 to 2310.

4) If the market opens between 2193 to 2213. Sell after the market has moved up a bit and then drops 6 points below the opening level.

5) If the market opens other than the above.......it is up to you...how do I know , man.

6) Please refer to # 6 ( see posting dated 12th January 2009 )

Well, that's about it. If you are not sure just consult your futures dealer but not your....siblings, they are just ..#@!*&^

Have a nice trading day!!!

2-8.25am

CPO Futures - Back To Normality?

The CPO ( crude palm oil ) futures for August contract open at 2601 and closed at 2575. The highest was at 2606 and the lowest at 2565. The market closed lower and was a black bar.

The market open within one of the suggested forcasts but the direction did not move accordingly ( see #3 - Sell after the market has moved up 6 points from opening level i.e. at 2607 but the market only managed to go up to 2606 , highest of the day ), so again, no gain and no loss.

Since school holidays are still around, I decided not to be around for awhile. My family and I are planning to go to some parts of Indonesia which may include Medan and Padang for a vacation.



P/s This morning, I made a mistake in my earlier posting, prior to this one and so I have already deleted it. Sorry....


Have a nice trading days ahead, guys.....










Lake Toba



9.45am

Market Down?

The CPO ( crude palm oil ) futures for August contract open at 2638 and closed at 2598 yesterday. The highest was at 2651 and the lowest was at 2586. The market closed lower and was a black bar.

The market open within the forecasted suggestions but it did not move accordingly, so there was no gain and no loss.

Today

In long run, the market is still bearish and so is the very very short run. The forecast for today's market direction;

1) If the market opens between 2609 to 2619. Buy after the market has moved up beating the levels between 2925 to 2930.

2) If the market opens between 2586 to 2596. Sell after the market has retraced beating down the levels between 2575 to 2580.

3) If the market opens between 2597 to 2608. Sell after the market has moved up 6 points from the opening level. It would be more prominent if the market opens more towards the lower part of the 2597-to-2608 levels.

4) If the market opens between 2625 to 2644. Buy after the market has retraced a bit and then moves up beating 5 points above the opening level.

5) If the market opens between 2560 to 2580. Sell after the market has moved up a bit and then fall 5 points below the opening level.

6) If the market opens besides the above, it is your call....

7) Please refer to #6 ( see posting dated 12 January 2009 ).

If you are not sure....just contact your futures dealer but not your office mate....

Have a nice trading day.....

P/s blah..blah..blah..blah..blah...

4 - 9.15am

Market Up Due To Export Figures

The Cpo ( crude palm oil) futures for August contract ended higher yesterday. It seemed that the climb of the market was due to the increase in the demand overseas and also favourable export data report. The CBOT also ended higher yesterday.

Today

In long run, the market is still bearish but the very short run, the market is said to be in bullish sentiment. The forecast for today's direction;

1) If the market opens between 2637 to 2647. Buy after the market has moved up beating the levels between 2652 to 2658. If the levels between 2670 to 2675 are breached, the market may go further up.

2) If the market opens between 2612 to 2622. Sell after the market has retraced beating the levels between 2600 to 2607.

3) If the market opens between 2623 to 2636. Buy after the market has fallen 6 points from the opening level. It would be more significant if the market opens more towards the upper level of the 2623-to-2636 levels.Make sure to put your stop loss.

4) If the market opens between 2653 to 2670. Buy after the market has retraced a bit and then moves up 5 points above the opening level. see #1 the bold letters as above.

5) If the market opens between 2585 to 2606. 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.

7) Please refer to #6 ( see posting dated 12th January 2009 )

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

P/s. Obama speechless after Israelis refused to stop housing development on Palestinians' land.

3-8.40 am