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

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;

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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?

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To the Muslims "Selamat Hari Raya 'Aidiladha" (Eid Mubarak)

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10.02am

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

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

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.

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

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

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

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

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

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