Monday, March 8, 2010

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.


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......

9.25am - a little bit of updating.

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