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