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
Wednesday, January 20, 2010
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