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;
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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