CPO: Where To ?

The CPO ( Crude Palm Oil ) futures for August contract open at 2407 and closed at 2386 last Friday. The highest was at 2419 and the lowest was 2379. The market ended lower with a black bar and was sellers' market.

After opening at 2407,the market moved up to 2414 at 10.40a.m. and between 10.40a.m. to 11.00a.m.,the market moved between 2412 to 2418 points. The market achieved the highest of the day at 2419 before closing at 2416 to end the morning session.In the afternoon, the market open at 2413 , moved up to 2415 and then started to retrace to the lowest of the day at 2379 before finally closed at 2386.

If you refer to my forecast on last Friday, see #2, and had placed a sell position between 2411 to 2417 ( see the enclosed graph), you would have been able to make profits of between 10 to 35 points provided if you decided to close the position in the evening. If you had decided to close the position before the lunch break, you would have had your finger burnt ( anyway, you had no choice here but to wait to after lunch).

Ok, guys, that's about it.


Have a nice trading day.



P/s. Refer to a comment made on last Friday's posting, I think I would like to take a rest from making any forecast for a while ( in fact I have been considering to do so for quite sometimes )

10.59am

Reversal ?

Last Friday, based on my forecast, the market open within one of my forecasts but it did not move accordingly. For the last few days, the market has been moving southwards and will this movement be continued or will it reverse ? Hard to say, right?

Today

The forecast for today;

1) If the market opens between 2412 to 2419. Buy after the market has moved up passing the levels between 2424 to 2429..
2) If the market opens between 2404 to 2411. Sell after the market has moved up 4 to 10 points above the opening level.
3) If the market opens between 2396 to 2403. Sell after the market has retraced passing down the levels between 2386 to 2391.
4) If the market opens between 2424 to 2435. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
5) Also refer to my posting dated 11th January, see # 6

That's about it guys, if you are not sure... well,I don't know...


Have a nice trading day, guys.

P/s Have you seen the movie, " Pirates of The Mediterranean?" - The pirates use commandos to attack civilian ships. Commandos?

8.55am

CPO Ends Low

The CPO ( Crude Palm Oil) futures for August contract open at 2473 and closed at 2456 yesterday. The highest was at 2482 and lowest was at 2453. The market ended lower with a black bar, increased open interest and was sellers' market. Theoretically, the market is said to be on the southwards movement.

Today

In long run, the market is still bearish and so is the very very short term. The forecast for today;


1)If the market opens between 2471 to 2480. Buy after the market has moved up passing the levels between 2475 to 2480.
2) If the market opens between 2462 to 2470. Sell after the market has moved up 5 to 10 points above the opening level.
3) If the market opens between 2453 to 2461. Sell after the market has fallen passing down the levels between 2443 to 2448.
4) If the market opens between 2435 to 2448. Sell after the market has moved a bit and then falls 5 points below the opening level.
5) If the market opens between 2493 and above, I would say that the market may move further up and may end a white bar today, that is it.
6) If the market opens besides the above,I do not know, up to you.
7) Also refer to my posting dated 11th January, see #6.

Anyway, if you are not sure, do not contact your dealer, just contact Netanyahu but not Obama.

That is about all.

Have a nice trading day, guys.

P/S The sinking of South Korean warship at Yellow Sea bordering North Korea last month could be the work of the Mossad or CID. The intention is to destabilise the region especially China because China is set to be the next economic and military giant of the world. What say you?

8.58am

On The Way Up?

For the past 2 days, the market has shown an upwards movement. Will this show that the market is to continue to further going up again?

Today

In brief, the forecast for today are as follows;

In long run, the market is still bearish but the very very short term, the market is bullish now.

1) If the market opens between 2458 to 2465. Sell after the market has retraced and passed down the levels between 2448 to 2453.
2) If the market opens between 2440 to 2453. Sell after the market has gone up a bit and then falls 5 points below the opening level.
3) If the market opens other than the above, it is your call.
4) Also refer to my posting dated 11th January, see #6.

That's about it.

Have a nice trading day, guys.....

P/S: The Israelis attacked the civilian Turkish Mavi Marmara which killed more than 16 people on board using the commandos and 26 war ships? What US has to say to this? What happened if there were to be Americans on board. Well, Obama cannot do anything, the president of US is Netanyahu.

9.20am

CPO: August Contract

The CPO ( Crude Palm Oil) futures for August contract open at 2485 and closed at 2436 yesterday. The highest was at 2491 and the lowest was at 2436. The market ended lower with a black bar and it was sellers' market.

The market open at 2485, moved up to 2490 and then fell to 2479( see enlosed graph ). At about 10.48a.m., the market moved up again to 2491, the highest of the day, and then closed at 2490 before lunch. In the afternoon, the market open at 2475, shot up to 2488 and then started to retrace slowly to finally closed at 2436, the lowest of the day.

If you look at my forecast yesterday, see #1, you have 2 choices here;
1) If you were to decide to put a sell position between 2474 to 2478, there was nothing happen, you did not lose any money.
2) If you were to decide to put a sell position at 2479 ( you have to que first, off course) and manage to get it, you would have been able to make profits up to more than 40 points provided if you were to wait to after lunch break ( you have no choice because if you decided to close your position just before lunch, you would have ended up losing your money).

That's about it , guys......


Have a nice trading day.

8.15am

Next

The Cpo ( Crude palm oil) for August contract open at 2489 and closed at 2490 yesterday. The highest was at 2498 and the lowest was at 2481. The market ended lower with a black bar and was sellers' market. The market open within one of the suggested forecasts but did not move as expected.

Today

In long run, the market is still bearish but the short term, the market is bullish. My forecast for the day;
.
.
1) If the market opens between 2483 to 2487. Sell after the market has retraced and passed down the levels between 2474 to 2479.
2) If the market opens between 2465 to 2478. Sell after the market has moved up a bit and then falls 4 points below the opening level.
3) If the market opens between 2488 to 2492. Buy after the market has dropped 3 points below the opening level.
4) If the market opens between 2511 to 2518. Buy after the market has dropped a bit and then moves up 4 points above the opening level.
5) Other than the above, it is your move.
6) Also refer to my posting dated 11th January, see #6


That's about it.

Have a nice trading day, guys.....

9.05am

Sign of going up?

Lately, probably about a few weeks back, my forecasts have not been giving positive results and at the same time my forecasts also have not been giving negetive outcomes.What I lose was my time! I have no idea what have gone wrong or may be my methodology/strategy is becoming absolete!

So, my forecast on last 13th of May - the market did not open within any of the forecasted points.

Today

Should I try to forecast again this time? Well,I don't know or may be just do it!

The forecast for today;
In long run, the market is bearish but in short run the market is still bullish.

1) If the market opens between 2483 to 2489. Sell after the market has retraced and passed down the levels between 2473 to 2478.
2) If the market opens between 2490 to 2495. Buy after the market has retraced 4 points below the opening.
3) If the market opens between 2465 to 2478. Buy after the market has moved up a bit and then falls 4 points below the opening level.

That's about it.

Have a nice trading day guys....

9.13am

Still bearish?

The CPO market dated 11th of May open not within one of the suggested forecasts so nothing happened!

Today

The forecast for today;

1) If the market opens between 2505 to 2510. Sell after the market has fallen the levels between 2495 to 2500.
2) If the market opens between 2511 to 2516. Buy after the market has moved up passing the levels between 2520 to 2524.
3) If the market opens between 2521 to 2526. Buy after the market has dropped a bit and then moves up 4 points above the opening level.
4) If the market opens between 2500 to 2506. Sell after the market has fallen passing the levels between 2490 to 2495.
5) If the market opens other than the above, it is simply your call.
6) Also refer to my psoting dated 11th January, see #6.

The best thing is to refer to your dealer if you are uncertain.

That's about it, just cross your finger.


Have a nice trading day, guys.

9.05am

CPO : May Contract

Recently, it seemed that my forecasts have not been giving postive results, even though no money were lost. It was just like my forecast on last 28th of April,the market open but not within the forecasted suggestions. It could be, probably, the market's volatily has not been like before especially in the morning session. May be I should be looking for a new strategy.

Today

Well, I still have no new strategy especially the strategy to forecast the market's movement before the market opens. In fact, it is much easier to forecast the market's movemet after the market has already open.

Anyway, my forecast;

1) If the market opens between 2520 to 2530. Buy after the market has moved up passing the levels between 2535 to 2540. More significant if the market opens more towards the upper level of the 2520-to-2530.
2) If the market opens between 2517 to 2527. Sell after the market has retraced passing down the levels between 2504 to 2509. More significant if the market opens more towards the lower part of the 2517-to-2527 levels.
3) Also refer to my posting dated 11th January, see #6

That's about it.

Have a nice trading day, guys

8.25am

Bullish Trend?

I refer to my forecast dated last 15th April. It seems that on that particular day, the market open within one of my forecasted points but it did not move according to what had been forecasted. So no gain, no loss!

Today

The trend now is bullish, so the market is expected to move further up. Anyway, it still very much depends on the opening of the market. The forecast for today;

1) If the market opens between 2551 to 2559. Buy after the market has moved up passing the levels between 2561 to 2566.
2) If the market opens between 2520 to 2530. Sell after the market has moved up a bit and then falls 5 points below the opening level.

That's about it for today.

Also refer to my posting dated 11th January, see #6.



Have a nice trading day, guys

9.19am

What's Next

The Cpo ( Crude Palm Oil) futures for June contract open at 2543 and closed at 2528 yesterday. The highest was at 2546 and the lowest was at 2518. The market ended lower with a black bar. It was sellers' market with an increase in the open interest.

Yesterday the market open but not within any of the suggested forecasts.

Today

The forecast for today;

1) If the market opens between 2525 to 2533. Buy after the market has moved up passing the levels between 2539 to 2545.
2) If the market opens between 2517 to 2524. Sell after the market has retraced passing down the levels between 2505 to 2511.
3) If the market opens between 2501 to 2511. Sell after the market has passed down the levels between 2490 to 2495.
4) If the market opens between 2539 to 2545. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
5) If the market opens other than the above, it is simply is your call.
6) Also refer to my posting dated 11th January, see #6

Not sure? Just contact.......

Have a nice trading day, guys


8.43a

Next Move

The CPO ( crude palm oil) futures for June contract open at 2520 and closed at 2534. The highest was at 2540 and the lowest was at 2511.The market closed lower with a white bar.It was sellers' market with the decreasing in open interest.

Yesterday, the market open but not within any of the suggested forecasts, so just moves on.

Today

The forecast;

1) If the market opens between 2517 to 2522. Sell after the market has passed down the levels between 2507 to 2512.
2) If the market opens between 2500 to 2506. Sell after the market has retraced passing down the levels between 2490 to 2495.
3) If the mmarket opens between 2523 to 2527. Buy after the market drops 4 to 10 points below the opening level but make sure this 4 to 10 points fall do not pass down the level 2516.
4) If the market opens between 2528 to 2534. Buy after the market has moved up passing the levels between 2539 to 2543.
5) If the market opens other the above, it is your call.
6) Also refer to my posting dated 11th January, see #6


Have a nice trading day, everybody


9.21am

Heading To Where Now?

The market on 8th April did not open within any of the suggested forecasts and in fact the market open relatively higher than the forecast.

So where is the market heading to today?

Today

In long and short run, the market is currently bearish, so the forecast for today;

1) If the market opens between 2544 to 2551. Buy after the market has moved up passing the levels between 2556 to 2560.
2) If the market opens between 2522 to 2529. Sell after the market has retraced passing down the levels between 2512 to 2517.
3) If the market opens between 2530 to 2543. Sell after the market has moved 5 to 10 points above the opening level. Make sure this 5 to 10 poins do not exceed 2550.
4) If the market opens between 2505 to 2517. Sell after the market has moved up a bit and then falls 5 points below the opening level. If the market manages to beat down the levels below 2475, the market may fall further.
5) If the market opens besides the above, it is your call.
6) Also refer to my postings dated 11th January, see #6

Have a nice trading day, guys.....


9.11am
9.14am - a little bit of updating

Still Bearish ?

The CPO ( Crude Palm Oil )futures for June contract open at 2540 and closed at 2539. The highest was at 2545 and the lowest was at 2530.The market ended higher with a black bar and was sellers' market.

Yesterday the market open but not within any of the forecasted suggestions .

Today

Since the market is still in the bearish situation, our opening strategy concentrates more on the selling aspect rather than buying. The forecast;

1) If the market opens between 2515 to 2525. Sell after the market has gone up a bit and then falls 5 points below the opening level.
2) If the market opens between 2507 to 2515. Sell after the market has retraced passing down the levels between 2501 to 2506.
3) If the market opens between 2498 to 2507. Sell after the market has retraced passing down the levels between 2493 to 2497.
4) Other than the above, I have no idea.
5) Also refer to my posting dated 11th January, see #6.

Have a nice trading day, guys


9.10am

Sidelines?

I refer back to my forecast dated 5th April and since the market on that particular day did not open within any of the forecasted points, so I think it is better not to discuss the matter.

Yesterday the market ended above 2500 and it indicated that the market is still in the sideways situation. Is it true? If the levels 2600 and above, or 2480 and lower, are broken, the market may move into a new direction. If you ask me? I think you know what would be the answer.

Today

The forecast for today;

1) If the market opens between 2523 to 2530. Buy after the market has moved up passing the levels between 2534 to 2539. More significant if the market opens more towards the upper level of the 2523-to-2530 levels.
2) If the market opens between 2507 to 2515. Sell after the market has retraced passing down the levels between 2498 to 2502. More significant if the market opens more towards the lower level of the 2507-to-2515 levels.
3) If the market opens between 2499 to 2505. Sell after the market has fallen down passing the levels between 2490 to 2495.
4) If the opens between 2480 to 2493. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) If the market opens other than the above, it is your call....
6) Also refer to my posting dated 11th January, see #6.

That's about it.


Have a nice trading day, guys...

9.06am

Disposal

The market on 1st of April open within one of the suggested forecasts but the movement or the direction did not move accordingly.

If you look at the market last week, there were signs that the market may go further up but if you look at the last Friday's performance, the market gave a sign that the open interest has decreased quite subtantially. It indicates that the market may be in the position of falling down. The question; which is which now?
If you ask me, I would say I don't know. It may depend on where the market will open today.

Today

1) If the market opens between 2564 to 2569. Buy after the market has moved up passing the levels between 2574 to 2579.
2) If the market opens between 2550 to 2556. Sell after the market has decreased passing down the levels between 2540 to 2545.
3) If the market opens between 2536 to 2545. Sell after the market has moved up a bit and then falls 5 points below the opening level. If the market manages to pass the levels between 2530 to 2535, the market may fall furthur down.
4) If the market opens other than the above, it is your call...
5) Also refer to my posting dated 11th January, see #6

That's about it.


Have a nice trading day, guys...


8.20am

Still Sideline?

The market has already breached down the level 2520 but it seemed that the downward movement was only temporary. Instead the market bounced back to end higher after breaching the level 2560 yesterday. The big question here ; Is the market still in the sidelines phase ?

If you look at my forecast on last Friday dated 26th March and had placed a sell position at the suggested forecast, there was no way for you to make money. In any way, you must have ended losing your money.

Today

The forecast;

1) If the market opens between 2536 to 2542. Sell after the market has dropped passing down the levels between 2525 to 2530.
2) If the market opens between 2515 to 2524. Sell after the market has moved up a bit and then falls 5 points below the opening level.
3) If the market opens between 2555 to 2561. Buy after the market has moved up passing the levels between 2567 to 2571.
4) If the market opens other than the above, it is your call.
5) Also refer to my posting dated 11th January, see #6.


Have a nice trading day, guys....

9.13am

Stuck?

The CPO ( Crude Pal Oil ) futures for Jun contract open at 2556 and closed at 2575 yesterday. The highest was at 2579 and the lowest was at 2551. The market ended higher with a white bar and was sellers' market.

Based on my forecast yesterday, the market open within one of the suggested forecasts but the movement of the market was on different direction.

The market, currently, is in the state of 'stucking'( sidelines) between the levels 2520 to 2610. If either one of these levels are breached, a new direction is expected to be experienced ( see enclosed graph ).

Today

My forecast;

1) If the market opens between 2561 to 2568. Sell after the market has retaraced passing down the levels between 2550 to 2555. More significant if the market opens more towards the lower level of the 2561-to-2568 levels.
2) If the market opens between 2551 to 2560. Sell after the market has fallen passing the levels between 2540 to 2545.
3) If the market opens between 2533 to 2545. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens between 2605 to 2615. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
5) If the market opens between 2570 to 2584. I don't know but I think the market may end a black bar today or at least in either session ( black bar in the morning session or black bar in the afternoon or black bars in both morning and afternoon sessions)
6) If the market opens other then the above....
7) Also refer to my posting dated 11th January, see #6

If you are not sure...blahblahblahblah...


Have a nice trading day, guys...


9.06am

Still Hot

The CPO ( Crude Palm Oil ) futures for Jun contract open at 2585 and closed at 2560 yesterday. The highest was at 2595 and the lowest was at 2549. The market ended lower with a black bar.

The wheather in Kuala Lumpur is still hot with the rain that sometimes falls not on regular basis.The water level in some of the catchment areas in the Kinta Valley are reported to have experienced the fall in its normal height.

Yesterday, the market open but not within any of the suggested forecasts.

Today

The forecast ;
1) If the market opens between 2549 to 2556. Sell after the market has dropped passing down the levels between 2539 to 2544. If the market manages to fall below 2523, the market may fall further down.
2) If the market opens between 2535 to 2544. Sell after the market has moved up a bit and than falls 5 points below the opening level.
3) If the market opens between 2570 to 2580. Buy after the market has moved up passing the levels between 2585 to 2590. Make sure your stop loss is about 25 points this time.
3) If the market opens between 2590 to 2600. Buy after the market has moved up passing the levels between 2605 to 2610.
4) If the market opens between 2605 to 2613. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
5) Other than the above, it,s your call
6) Also refer to my posting dated 11th January, see #6

As usual, if not sure....don't do anything...or do something...


Have a nice trading day, guys...

9.13am

Next Move

The CPO ( Crude Palm Oil) futures for Jun contract open at 2589 and closed at 2591. The highest was at 2597 and the lowest was at 2571. The market ended higher with a white bar.

After the opening at 2589, the market immediately dropped to 2581 and bounced back to 2597, the highest of the day. At about 10.40a.m., the market started to retrace to 2576 before closing at 2582 for lunch break. In the afternoon, the market open at 2582, immediately dropped to 2571, bounced back and started to climb to 2597 before finally settled at 2591.

If you look at my forecast yesterday,see #4, and had placed a buy position here, say at 2594 , you would have definitely ended up losing your money even if your stop loss was 20 points below the buy position. Well, you can't win the all!

Today

My forecast for today;

If the market opens;
1.1) Between 2573 to 2584. Sell after the market has retraced passing down the levels between 2562 to 2567.
1.2) Between 2590 to 2600. Buy after the market has moved passing up the levels between 2605 to 2610.
1.3) Between 2605 to 2617. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
1.4) Between 2556 to 2567. Sell after the market has moved up abit and then falls 5 points below the opening level.
1.5) Other than the above. It is up to you.....

2)Also refer to my posting dated 11th January, see #6.

If you are not sure, just contact your...whoever...


Have a nice trading day, Mike


8.57am

Where's Next

Lately, every where you go within Malaysia, especially if you go for a vacation, people are talking about the current hot climatic situation. Even if your house is equipped with the air conditioned gadgets, the hotness is still felt greatly. If you are to go for a vacation, the best place to retreat is the beach or the cooler highland areas. Will this 'normal' phenomena which is currently facing the country have an effect on the oil palm production? I don't know, may be.

Today

The forecast:

1) If the market opens between 2570 to 2579. Buy after the market has moved up passing the level 2585. More significant if the market opens more towards the upper level of the 2570-to-2579 levels.
2) If the market opens between 2566 to 2576. Sell after the market has retraced passing down the level 2561. More significant if the market opens more towards the lower level of the 2566-to-2576 levels.
3) If the market opens between 2551 to 2561. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens between 2588 to 2594. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level. More significant if the market opens more towards the lower level of the 2588-to-2594 levels.
5) If the market opens other than the above....it is your call..who else?
6) Also refer to my posting dated 11th January, see #6.

Any way, if you are uncertain....just call your dealer...I have no part of it.


Have a nice trading day guys...

P/S Hai MJ

9.30am

Another Correction?

Yesterday the CPO ( Crude Palm Oil) futures for May contract open at 2670 and closed at 2685. The highest was at 2719 and the lowest was at 2654. The market ended higher with a white bar.

The market open at 2670 at 10.30a.m. and immediately moved up to 2679. From 10.32a.m. to 10.35a.m., the market linggered between 2673 to 2689 ( highest of the morning session).The market then dropped to 2654, the lowest of the day, before closing at 2660 for lunch break. In the afternoon, the market open at 2666, retraced a bit and bounced up to finally settle at 2685.

If you look at my forecast yesterday, see #2, and were able to place a sell position, say at 2681, you would have been able to make a maximum profits of 25 points if you decided to close the position before lunch. If you decided to prolong to after lunch, your profits could have been less than 25 points because the market rebounded back after touching the lowest point of 2657 at about 3.10p.m.

Since the school holidays will be approaching next week, I will not be 'around' for a while. I am planning to go elsewhere with my family.

Have a nice trading day, guys....

8.56am

Another Correction?

Yesterday the market ended lower with a long black bar with a 59 points down. Does this long bar indicate that the market is going down at this point of time for a while or just another correction before the market is to go up again. Some analysts said the market was down due to the fall of crude oil futures below the psychological price of US80 per barrel. If you ask me ? I would say , "I don't know, Mike".
The market on Monday open within one of the forecasted suggestions but did not move accordingly.

Today

The forecast for today;

If the market opens between:
1) 2697 to 2709. Buy after the market has moved passing up the levels between 2715 to 2723. If the market manages to beat up the level above 2730, the market may go further up. More significant if the market opens more towards the upper level of the 2697-to-2709 levels.
2) 2661 to 2696. Sell after the market has moved up 11 points above the opening level.
3) 2650 to 2660. Sell after the market has retraced passing down the levels between 2638 to 2644. More significant if the market opens more towards the lower end of the 2650-to-2660 levels.
4) 2634 to 2639. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) If the market opens other than the above, it is your call... I don't know guys, I still have not found the mechanism to place a position here yet.
6) If you are not sure , just contact your broker but not your brother-in-laws, they simply do not agree with you for being in this CPO futures market.

That's about it.

Have a nice trading day...Mike....( Australians prefer to use the word 'Mike' rather than 'guy'. Am I right?)


8.56am
9.16am - a little bit of updating

New Heading ?

Last week, the market has been on upwards movement except on Tuesday where the market ended lower with a black bar. So where will the market be heading to right now? Some say the market may move further up in response to the upwards movement of the crude oil and also the soy bean oil in the overseas market. If you ask me? I don't know guys.

Today

My forecast for today;

If the market opens between:
1) 2669 to 2680. Sell if the market falls passing down the levels between 2659 to 2664. More significant if the market opens more towards the lower part of the levels 2669-to-2680.
2) 2650 to 2664. Sell after the market has moved up a bit and then falls 5 points below the opening level.
3) If the market opens other than the above, it is simply is your call.
4) Also refer to my postings dated 11th January, see #6.

If you are not sure, just contact your cpo broker's representative.

That's about it.

Have a nice trding day, guys......

9.13am
9.25am - a little bit of updating.

Market Goes Southwards

The CPO ( Crude Palm Oil) futures for May contract open at 2605 and closed at 2595 on last Thursday, 25th of February. (Friday was a public holiday in Malaysia).The highest was at 2615 and the lowest was at 2580. The market ended up higher with a black bar. Anyway, it was sellers' market.

After opening at 10.30a.m. at 2605, the market dropped a bit and then moved up to 2615, the highest of the day. The market started to fall down at about 10.35a.m. from the highest level to 2585, to the lowest in the morning session,before settling at 2591 just before lunch.In the afternoon, the market open at 2595 and started to fall further down to 2580, the lowest of the day, before bouncing back to finally close at 2595.

If you look at my forecast, see # 4, and had managed to place a sell position at 2608 or the highest at 2615 ( see graph as above ), you could probably have been able to make a maximum profits of 30 points if you decided to close the position before lunch. If you had decided to close your position after lunch, you could have had made 5 points more. In anyway,there was no way for you to end up losing your money on that day!


That's about it


Have a nice trading day, Mike..


P/s There are no countries in the world which like to assinate leaders from other countries except US and Israel.

8.53am

CPO Price Down

The market on yesterday's performance has shown that the market has finally gone down after weeks of moving up. Will this be just a temporary measure? Or just another correction before the market keep moving north again?

On last Monday's forecast, the market did not open within any forecasts that I have put forward.

Today

The forecast for today ;

1) If the market opens between 2590 to 2600. Sell after the market has retraced passing down the levels between 2580 to 2585.
2) If the market opens between 2621 to 2633. Buy after the market has moved up passing the levels between 2638 to 2643.
3) If the market opens between 2638 to 2650. Buy after the market has dropped down a bit and then moves up 5 points above the opening level.
4) If the market opens between 2601 to 2620. Sell after the market has gone up between 7 to 15 points above the opening level.
5) If the market opens between 2572 to 2585. Sell after the market has gone up a bit and then falls 5 points below the opening level.
6) If the market opens other than the above, it is just your call.
7) Also refer to my posting dated 11th January, see #6

If you are not sure, just.....whatever.

Have a nice trading day...guys.

9.04am

Where To Now?

The market for the past 3 days, after Chinese New Year celebration, has shown sign of retracement. Will this southward movement continue today? Before I forget, the market on 12th february did not open within any of my forecasts.

Today

My forecast?

1) If the market opens between 2591 to 2602. Sell after the market has retraced passing down the levels between 2580 to 2585.
2) If the market opens between 2600 to 2610. Buy after the market has moved up passing the levels between 2605 to 2610.
3) If the market opens between 2582 to 2590. Sell after the market has retraced passing down the levels between 2572 to 2577.
4) If the market opens between 2615 to 2625. Buy after the market has retraced a bit and then moves 5 points above the opening level.
5) If the market opens between 2565 to 2577. Sell after the market has move up a bit and then falls 5 points below the opening level.
6) If the market opens other then the above...it is up to you, you can eat all the Mandrin oranges which were given by your friends, if they are any.
7) Also please refer to my posting dated 11th January,see #6.


That's about it guys.....


Have a nice trading day


10.03am

Down Is On The Way?

The CPO ( Crude Palm Oil) futures for April contract open at 2548 and closed at 2580 yesterday. The highest was at 2594 and the lowest was at 2575. The market ended higher with a black bar.
The opening of the market was not within the levels suggested by the forecast. It open far too high.
Yesterday's market was sellers' market and has an accumulation volume on its open interest compared to the day before. Theoretically, it indicates that the market is in the verge of falling down. It is just the matter of when. Today?

Today

The forecast for today;

1) If the market opens between 2584 to 2594. Sell after the market has gone up between 5 to 13 points above the level 2597.
2) If the market opens between 2579 to 2589.Sell after the market has fallen passing down the levels between 2569 to 2574. If the market manages to fall below 2561, the market may fall further.
3) If the market opens between 2561 to 2574. Sell after the market has moved up a bit and then falls 6 points below the opening level.
4) If the market opens between 2599 to 2612. Sell after the market has moved up 3 to 13 points above the opening level.
5) If the market opens other than the above, as usual, it is your call.
6) Also refer to my posting dated 11th January, see #6.


Have a nice trading day, guys..

To those who celebrate Chinese New Year - HAPPY CHINESE NEW YEAR!


9.04am

Low Expectation

The CPO ( Crude Palm Oil ) futures for April contact open at 2559 and closed at 2563 yesterday. The highest was at 2566 and the lowest was at 2553. The market ended higher with a white bar.
The volatility movement of the market was quite small though the volume was reasonably high.
The market open within the forecasted level but not its direction.

Today

1) If the market opens between 2551 to 2560. Sell after the market has fallen passing down the levels between 2544 to 2549. More significant if the market opens more towards the lower level of the 2551-to-2560.
2) If the market opens between 2555 to 2566. Sell after the market has moved up between 5 to 15 points above the level 2570.
3) If the market opens between 2532 to 2545. Sell after the market has gone up a bit and then falls 5 points below the opening level.
4) If the market opens other than the above, as usual, it is your call.
5) Also refer to my posting dated 11th January, see #6

If you are not sure, contact your futures representative but..... not the judges who have conducted the "Zamry and his Perak's government" case.

Have a nice trading day, guys.


8.36am

Hope It is Not Raining Today

Last Friday ( 5th Feb ), the market open within one of the suggested forecasts but did not move accordingly. The market for the past few days has shown some positive upward movement and is said to be waiting to fall probably for 'normal correction' or may be it will continue to rise further up. No body knows.

Lately, KL has been having rainfall in the evenings, hopely this rainfall will keep coming down so that KL will not be that very hot as usual.

Today

My forecast for today's market movement;

1) If the market opens between 2551 to 2561. Sell after the market has retraced passing down the levels between 2545 to 2550.
2) If the market opens between 2534 to 2548.Sell after the market has moved up a bit and then falls down 6 points below the opening level.
3) If the market opens between 2554 to 2565. Buy after the market has moved up beating the levels between 2571 to 2576.
4) If the market opens besides the above, it is your call
5) Also refer to my posting dated 11th January, see # 6

That's about it.


Have a nice trading day, guys.....


P/s I think I probably may have heard this song..the lyrics is something like this..' I am singing in the rain..' by MJ or somebody else, I cannot be sure.

8.35am

Market Gets Higher Again

The CPO ( Crude Palm Oil ) futures for April conract open at 2478 and closed at 2510 yesterday. The highest was at 2519 and the lowest was at 2470. The market endded higher with a white bar.
The market did not open within any of the many forecasts as pinpointed yesterday. So no gain and no loss!

The market has been on positive notes for the past two days, will this positivity be continued today? Actually it is vey hard to forecast a market movement especially if the market still has not open yet, don't you think so ?

Today

If the market opens between;
1) 2509 to 2519. Sell after the market has gone up 7 to 15 points above the level 2509.
2) 2520 to 2535. Sell after the market has gone up 4 to 12 points above the opening level.
3) 2595 to 2508. Sell after the market has gone up between 5 to 13 points above the opening level.
4) 2485 to 2490. Sell after the market has gone up a bit and then falls 5 points below the opening level.
5) If the market opens other than the above, it is up to you.....it's your money, who cares...( sound very harsh, right? But the truth is there)
6) Also refer to my posting dated 11th January, see #6

If you are not sure, just call your futures dealer's representative. Who else then? Netanyahoo? Obama?

Have a nice trading day, guys

8.45am

Market Gets Higher

The CPO ( Crude Palm Oil) futures for April contract opens at 2478 and closed at 2498 yesterday. The highest was at 2505 and the lowest was at 2475. The market ended higher with a white bar.

The market, in fact, open far too high from any of the suggested forecasts yesterday, so what can I say ? I think the statement made by one of the top gun ,the day before, from IOI probably might have helped the CPO's futures prices to end up higher. Besides than that, I think it was more of a speculative measures.

Today

1) If the market opens between 2495 to 2505. Sell after the market has gone up between 5 to 13 points from 2505 .
2) If the market opens between 2506 to 2516. Sell after the market has gone up 5 to 10 points from the opening level.
3) If the market opens between 2482 to 2494. Sell after the market has gone up 10 to 17 points from the opening level.
4) If the market opens between 2482 to 2490. Sell after the market has retraced passing down the levels between 2472 to 2477.
5) If the market opens between 2472 to 2477. Sell after the market has gone up a bit and then falls 5 points below the opening level.
6) As usual, if the market opens other than the above, it is your call.
7) Also refer to my posting dated 11th January, see #6

If you are not sure, just contact your futures dealer....who else?


Have a nice trading day, guys....

8.21am

Consolidtion Phase?

The market is said to be in the consolidation phase and is expected to trade side way. Do you think so? Never mind with what you are thinking, the most important here is that where the market is about to open?

Today

The forecast for today;

1) If the market opens between 2442 to 2452. Buy after the market has moved up passing the levels between 2457 to 2462.
2) If the market opens between 2436 to 2446. Sell after the market has fallen passing down the levels between 2426 to 2431.
3) If the market opens between 2416 to 2426. Sell after the market has moved up 10 to 15 points above the opening level.
4) If the market opens other than the above, it is your call.......
5) Also refer to my psoting dated 11th January, see # 6


If you are not sure....just stay away


Have a nice trading day guys


9.43am

Next Action

The CPO ( Crude Palm Oil ) for April contract open at 2464 and closed at 2469 yesterday. The highest was at 2488 and the lowest was at 2460. The market ended higher with a white bar.

After opening at 2464, the market moved up to 2488, the highest of the day, dropped a bit and lingered between 2475 to 2480 before closing at 2479 before lunch. In the afternoon, the market open at 2479 and kept falling down untill to the lowest of the day at 2460 before rebound back to finally close at 2469.

If you look at my forecast yesterday, see #3, and had you placed a sell position at 2474 ( see enclosed graph ) with the stop loss of between 15 to 20 points ( refer to my posting dated 11th January, see #6), you would have been able to make profits of between 9 to 14 points.


That's about all guys.


Have a nice trading day

8.00am

New Dimension

The CPO ( Crude Palm Oil) futures for April contract open at 2466 and closed at 2455 last Friday. The highest was at 2483 and the lowest was at 2447. The market ended lower with a black bar.
The market open at 2466, dropped to 2447, the lowest of the day, and then moved up to 2463 before closing for lunch at 2454. In the afternoon, the market open higher at 2476, moved further up to 2483 and finally close at 2455.
If you look at my forecast yesterday, see #2, and had placed a sell position between 2446 to 2451, there was no way for you to make any profits because the market kept moving upwards, after placing the sell position, especially after lunch.Well, you can't win them all.

Today

My forecast for today are as follows;

1) If the market opens between 2480 to 2490. Buy after the market has moved up passing the levels between 2495 to 2500. More significant if the market opens more towards the upper end of the 2480-to-2490 levels.
2)If the market opens between 2440 to 2450. Sell after the market has retraced passing down the levels between 2430 to 2435.More significant if the market opens more towards the lower end of the 2440-to-2450.
3) If the market opens between 2455 to 2479. Sell after the market has moved up 10 points above the opening level.
4) If the market opens other than the above, it is your call....I don't know...
5) Also refer to my psting dated 11th January, see # 6

That's about it.

Have anice trading day guys...

8.47am

CPO : Where To Now?

Last Wednesday, the CPO ( crude Palm Oil ) futures for April contract open way down low and far from the suggested forecasts. As usual, no comment on the matter.

Today

The forecast for today are as follows;
1) If the market opens between 2480 to 2490. Sell after the market has moved up passing the levels between 2500 to 2507.
2) If the market opens between 2456 to 2466. Sell after the market has retraced passing down the levels between 2446 to 2451.
3) If the market opens between 2441 to 2451. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens between 2467 to 2479. Sell after the market has moved up between 10 to 18 points from the opening level.
5) If the market opens between 2495 to 2505. Sell after the market has moved up 7 to 16 points above the opening level.
6) If the market opens other than the above, it is your call , guys.
7) Also refer to my posting dated 11th January, see #6

That's about it.

Have a nice trading day...

8.10am

CPO : Further Up?

The CPO ( crude Palm Oil ) futures for April contract open at 2509 and closed at 2490 yesterday. The highest was at 2512 and the lowest was at 2475. The market ended unchanged with a black bar.
The market did not open within the forecasted levels , so let's move to today's forecast.

Today

1) If the market opens between 2483 to 2495. Buy after the market has moved up passing the levels between 2500 to 2505. More significant if the market opens more towards the upper level of the 2483-to-2495.
2) If the market opens between 2496 to 2509. Buy after the market has fallen a bit and then moves up passing 5 points above the opening level.
3) If the market opens between 2488 to 2500. Sell after the market has retraced passing down the levels between 2478 to 2483. If you see any profits, just lock up them up.
4) If the market opens between 2514 to 2525. Buy after the market has fallen a bit and then moves up passing 5 points above the opening level.
5) If the market opens between 2468 to 2478. Sell after the market has moved up a bit and then falls 5 points below the opening level.
6) If the market opens other than the above....it is your call
7) Also refer to my posting dated 11th January, see #6


If you are not sure...just contact whoever you feel like contacting but not the politicians ( either from Barisan National or from Pakatan Rakyat )


Have a nice trading day guys....


8.39am

CPO : Next Move

Last Monday ( 11th January 2010), the market did not open within the suggested forecast, so I have no comment on the matter.
The market has been in the lower range since the last few days and the expectation for the market to go up is quite bright now. Anyway will the market be so?

Today

My forecast for today;

1) If the market opens between 2480 to 2495. Sell after the market has gone up passing the levels between 2500 to 2510. More significant if the market opens more towards the upper end of the 2480 to 2495 levels.
2) If the market opens between 2453 to 2465. Sell after the market has retraced passing down the levels between 2443 to 2448.More significant if the market opens more towards the lower end of the 2453 to 2466 levels.
3) If the market opens between 2466 to 2479. Buy after the market has dropped a bit and then moves up 5 points above the opening level or buy after the market has gone up 7 points above the opening level.
4)If the market opens between 2495 to 2505. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
5) If the market opens besides the above, it is your call.
6) Also refer to my posting dated 11th January 2010, see #6.

To be more certain, just contact your dealer in case if you are 'uncertain'.

Have a nice trading day, guys.....

8.10am

CPO: Happy New Year (2010) Part II

Hello everybody..... this is my first posting this year, the year 2010. I feel like being away for a quite time. Almost like a year ; i.e. from 2009 to 2010( a year, right?). At certain point, I feel like wanting to end this blog simply because I feel quite tired of it especially if my forecast is 'out of the way' but the most important of all, I am not sure if there are any viewers, at all, out there. Anyway, if I am to continue, this year is going to be my 3rd year I am operating this blog. Just wait and see.

Today

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

1) If the market opens between 2601 to 2611. Sell after the market has retraced passing down the levels between 2590 to 2595. More significant if the market opens more towards the lower part of the 2601-to-2611 levels.
2) If the market opens between 2620 to 2634. Sell after the market has moved up passing the levels between 2640 to 2648. More significant if the market opens more towards the lower part of the 2620-to-2634 levels.
3) If the market opens between 2612 to 2619. Sell after the market has moved up between 10 to 15 points above the opening level.
4) If the market opens between 2580 to 2600. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) If the market opens other than the above, it is your call.....
6)There are also a few other factors that you should consider here ;
.
a) Do not forget your stop loss. It depends on the volatility of the market. In normal circumtances, the stop loss should be from 10 to 20 points.
b) Lock up the profits as you see one, the market may go against you at any time. Practise stop gain as well.
c) If the market opens and moves up/ down in a very fast, steep gradient and also in a long volatility line from the opening level, the market may proceed further. If the 'distance' is not "that long", it could be a false alarm. If so, you can look for a second attempt.
d) For the best result, after opening, the market moves up / down a bit and then moves up /down passing the opening level to the intended forecasted level.
e) The strategy applies only after the opening hour, it may not be suitable later than that, probably not later than 11.30 a.m.
f) If, after opening, the market moves up / down in a very fast, steep and in a 'long line' without moving up/down back to pass up/down the opening level, the market may give a signal that it would simply continue its direction
g) The word " bit" is relatif, please refer to my previous postings ( I am not sure where now)

If you are not sure...just greet anybody whom you meet by wishing them a Happy New Year...Don't worry, it is still not late.

That's about it.

Have a nice trading day guys.....

9.07am