Cpo: New Leads?

The CPO ( Crude Palm Oil) futures for November contract open at 2226 and closed at 2218 yesterday. The highest was at 2258 and the lowest was at 2218. The market ended lower with a black bar eventhough it was a buyer's market

If you refer to my forecast yesterday, see # 3, the market open at 2226 and since then it kept moving up to end higher in the morning session. Had you place a sell position at 5 points above the opening, you would have ended poorer than the day before. If you prolong to after lunch, it would have been much worst. Yesterday, I made a loss of 20 points!

Today

The market, in long run, is still bullish but the very short term, is bearish. ;

1) If the market opens between 2225 to 2232. Sell after the market has moved up 7 points above the opening level or sell after the market has fallen down 5 points below the opening level.
2) If the market opens between 2218 to 2224. Sell after the market has fallen down passing the levels between 2208 to 2213.
3) If the market opens between 2233 to 2238. Buy only after the market has moved up and passed the levels between 2243 to 2248.
4) If the market opens between 2239 to 2247. Sell after the market has moved up 7 points above the opening level.
5) If the market opens between 2248 to 2258. Buy after the market has passed up the levels between 2263 to 2270.
6) If the market opens between 2272 to 2280. Buy after the market has dropped 7 points below the opening level or buy after the market has moved up 5 points above the opening level.
7) If the market opens between 2193 to 2213. Sell after the market has dropped 7 points below the opening level.
8) If market opens besides the above...it is your call...you can call anybody you like.
9) Please refer to my posting dated 12th January, see #6.

If you are not sure.....well,..er..mmmm....nnnn....bbbb

Have a nice trading day, guys..

8.50am