Thursday, June 4, 2009

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