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