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....
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3-9.26am
