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

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

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.
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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)
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Have a nice trading day, guys...
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3-1.08am

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.
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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

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.
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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

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

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?

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Today

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In the long run, the market is still bearish but the short term the market is in the uncertainty situation.

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My forecast for today ;

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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.

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 #$@!&^.......@#!^&^