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 12^th 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.

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

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

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

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

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