Friday, January 30, 2009

Indonesia Palm Oil Was Up

Friday - 30th January 2009
9.15 a.m. - Malaysian Time

The CPO ( crude palm oil ) for April's contract open at 1786 and closed at 1745 yesterday. The highest was at 1786 and the lowest was at 1739. The market open at 1786 and immediately retraced deeply to 1755 at 10.31 a.m. So this fall might give an impact that the market was probably a false fall because at 10.32 a.m. to 10.34 a.m. , the market was stable and was juggling between 1776 to 1780 ( see chart as enclosed - not to scale, off course ) but when the market managed to break away ( break down ? ) at 1765, the market kept moving down untill to the end of the day. The market closed at 1776 before lunch break. In the afternoon, the market open at 1771 and closed at 1745.

If you look at my forecast yesterday ( see #1 ), the market did not go up first before retracing down, insteads the market fell right away immediately after opening. So nothing could be done. Anyway the market did go down after beating the levels between 1773 to 1778 ( see also #1) - I should have told you to sell here, shouldn't I?

Today, I do not feel like wanting to do any forecasting simply because it is already at the end of the week, may be next week then. It is just your call.

Well, if you are not sure, just contact your broker/dealer or may be Hitler.....never to contact the non-Jews Americans. They are soundly sleeping now and do not realise that their great nation is currently being eroded and controlled economically, socially, politically and every aspects of their life by the Jews.

Have a nice trading day, guys.
P/S Don't be surprised if suddenly this blog could not be accessed and vanish into thin air in the very near future. It could be the work of ......or may be I am too very very small to be recognised.