Friday, January 22, 2010

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

2 comments:

QUALITY STOCKS UNDER 4 DOLLARS said...

Market go up and they go down.

michale wong said...

This information seems relevant and helpful to me, but as a forex trader can you please help me by posting something on Forex Signals as I don't find out any relevant content on other sites.