tag:blogger.com,1999:blog-39632385071112146292024-02-08T01:02:46.077+08:00CPO ( Crude Palm Oil ) Futures / InvestmentCPO Malaysia Blog : "I DO IT MY WAY" of Forecasting The Market For Day Trading PurposesNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.comBlogger250125tag:blogger.com,1999:blog-3963238507111214629.post-65001366900328012912010-06-14T10:26:00.005+08:002010-06-14T11:02:28.469+08:00CPO: Where To ?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJg36F2SjgwQNaa3YKnLfplYcW7WIGqiTVyoLeZSeuiHgLdkVYJDQzoWv4qS_NVVNBytKsc-UlZXOl0fIf0bejluXnlCa6k-gybMtvzrs4JqHGEMLUulmAZkB318C0qkztcLrV-m5sEJY/s1600/testing.bmp"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 400px; height: 217px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJg36F2SjgwQNaa3YKnLfplYcW7WIGqiTVyoLeZSeuiHgLdkVYJDQzoWv4qS_NVVNBytKsc-UlZXOl0fIf0bejluXnlCa6k-gybMtvzrs4JqHGEMLUulmAZkB318C0qkztcLrV-m5sEJY/s400/testing.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5482458617212505202" /></a><br />The CPO ( Crude Palm Oil ) futures for August contract open at 2407 and closed at 2386 last Friday. The highest was at 2419 and the lowest was 2379. The market ended lower with a black bar and was sellers' market.<br /><br />After opening at 2407,the market moved up to 2414 at 10.40a.m. and between 10.40a.m. to 11.00a.m.,the market moved between 2412 to 2418 points. The market achieved the highest of the day at 2419 before closing at 2416 to end the morning session.In the afternoon, the market open at 2413 , moved up to 2415 and then started to retrace to the lowest of the day at 2379 before finally closed at 2386.<br /><br />If you refer to my forecast on last Friday, see #2, and had placed a sell position between 2411 to 2417 ( see the enclosed graph), you would have been able to make profits of between 10 to 35 points provided if you decided to close the position in the evening. If you had decided to close the position before the lunch break, you would have had your finger burnt ( anyway, you had no choice here but to wait to after lunch).<br /><br />Ok, guys, that's about it.<br /><br /><br />Have a nice trading day.<br /><br /><br /><br />P/s. Refer to a comment made on last Friday's posting, I think I would like to take a rest from making any forecast for a while ( in fact I have been considering to do so for quite sometimes )<br /><br />10.59amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com29tag:blogger.com,1999:blog-3963238507111214629.post-52511871032990263132010-06-11T08:31:00.004+08:002010-06-11T08:55:51.340+08:00Reversal ?Last Friday, based on my forecast, the market open within one of my forecasts but it did not move accordingly. For the last few days, the market has been moving southwards and will this movement be continued or will it reverse ? Hard to say, right?<br /><br />Today<br /><br />The forecast for today;<br /><br />1) If the market opens between 2412 to 2419. Buy after the market has moved up passing the levels between 2424 to 2429..<br />2) If the market opens between 2404 to 2411. Sell after the market has moved up 4 to 10 points above the opening level.<br />3) If the market opens between 2396 to 2403. Sell after the market has retraced passing down the levels between 2386 to 2391.<br />4) If the market opens between 2424 to 2435. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.<br />5) Also refer to my posting dated 11th January, see # 6<br /><br />That's about it guys, if you are not sure... well,I don't know...<br /><br /><br />Have a nice trading day, guys.<br /><br />P/s Have you seen the movie, " Pirates of The Mediterranean?" - The pirates use commandos to attack civilian ships. Commandos?<br /><br />8.55amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com15tag:blogger.com,1999:blog-3963238507111214629.post-26613273943176079482010-06-04T07:54:00.007+08:002010-06-04T08:58:47.797+08:00CPO Ends Low<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuR3T0H42jIXQ08J4eBTAFofzaa3ILwzeQfccxQogpfOpluoN1YTWxt3qEgnFqR_94XXckP4OcD5HQaKFf4UHovkGrT0Y1Sd2bQ87gikYjK5rC6Qa4zZmi039Bd4np_IT6YhQoYjvLnnk/s1600/testing.bmp"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 400px; height: 218px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuR3T0H42jIXQ08J4eBTAFofzaa3ILwzeQfccxQogpfOpluoN1YTWxt3qEgnFqR_94XXckP4OcD5HQaKFf4UHovkGrT0Y1Sd2bQ87gikYjK5rC6Qa4zZmi039Bd4np_IT6YhQoYjvLnnk/s400/testing.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5478710526347066178" /></a><br />The CPO ( Crude Palm Oil) futures for August contract open at 2473 and closed at 2456 yesterday. The highest was at 2482 and lowest was at 2453. The market ended lower with a black bar, increased open interest and was sellers' market. Theoretically, the market is said to be on the southwards movement.<br /><br />Today<br /><br />In long run, the market is still bearish and so is the very very short term. The forecast for today;<br /><br /><br />1)If the market opens between 2471 to 2480. Buy after the market has moved up passing the levels between 2475 to 2480.<br />2) If the market opens between 2462 to 2470. Sell after the market has moved up 5 to 10 points above the opening level.<br />3) If the market opens between 2453 to 2461. Sell after the market has fallen passing down the levels between 2443 to 2448.<br />4) If the market opens between 2435 to 2448. Sell after the market has moved a bit and then falls 5 points below the opening level. <br />5) If the market opens between 2493 and above, I would say that the market may move further up and may end a white bar today, that is it.<br />6) If the market opens besides the above,I do not know, up to you.<br />7) Also refer to my posting dated 11th January, see #6. <br /><br />Anyway, if you are not sure, do not contact your dealer, just contact Netanyahu but not Obama.<br /><br />That is about all.<br /><br />Have a nice trading day, guys.<br /><br /><strong>P/S</strong> The sinking of South Korean warship at Yellow Sea bordering North Korea last month could be the work of the Mossad or CID. The intention is to destabilise the region especially China because China is set to be the next economic and military giant of the world. What say you?<br /><br />8.58amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com11tag:blogger.com,1999:blog-3963238507111214629.post-53209274546969750292010-06-03T08:31:00.003+08:002010-06-03T09:19:26.771+08:00On The Way Up?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9Urf6_azLBhyzYsVQL_ld6D8cEkqp9b6T8kUFKERvVPxRj6XelKmACp_KDRP5hjGvpaodBlPNPwP2x_a_0Z_WQ4QCzvxK4Q9uiDo4p6u8J3m1YdY3DsrfIIsrvHpia5AODwia0VD-vRc/s1600/testing.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 400px; height: 238px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9Urf6_azLBhyzYsVQL_ld6D8cEkqp9b6T8kUFKERvVPxRj6XelKmACp_KDRP5hjGvpaodBlPNPwP2x_a_0Z_WQ4QCzvxK4Q9uiDo4p6u8J3m1YdY3DsrfIIsrvHpia5AODwia0VD-vRc/s400/testing.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5478350625117340258" /></a><br />For the past 2 days, the market has shown an upwards movement. Will this show that the market is to continue to further going up again?<br /><br />Today<br /><br />In brief, the forecast for today are as follows;<br /><br />In long run, the market is still bearish but the very very short term, the market is bullish now.<br /><br />1) If the market opens between 2458 to 2465. Sell after the market has retraced and passed down the levels between 2448 to 2453.<br />2) If the market opens between 2440 to 2453. Sell after the market has gone up a bit and then falls 5 points below the opening level.<br />3) If the market opens other than the above, it is your call.<br />4) Also refer to my posting dated 11th January, see #6.<br /><br />That's about it.<br /><br />Have a nice trading day, guys.....<br /><br />P/S: The Israelis attacked the civilian Turkish Mavi Marmara which killed more than 16 people on board using the commandos and 26 war ships? What US has to say to this? What happened if there were to be Americans on board. Well, Obama cannot do anything, the president of US is Netanyahu.<br /><br />9.20amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com4tag:blogger.com,1999:blog-3963238507111214629.post-90244030755493379112010-05-26T07:47:00.003+08:002010-05-26T08:18:08.496+08:00CPO: August Contract<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihWBunwyj5xrDXfw2-xASVTxILV5BTLCgyXP610mfJNnVA7XE2EL3oCLQXjRHrkTrWxvKKovvD-Vr7DMAScrLYJXPIKGp0TBqRQgTdh6IJ9u9paKUNBcwCUAx_dM65TiTIq0HlReu3F_k/s1600/testing.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 400px; height: 230px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihWBunwyj5xrDXfw2-xASVTxILV5BTLCgyXP610mfJNnVA7XE2EL3oCLQXjRHrkTrWxvKKovvD-Vr7DMAScrLYJXPIKGp0TBqRQgTdh6IJ9u9paKUNBcwCUAx_dM65TiTIq0HlReu3F_k/s400/testing.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5475365657959124098" /></a><br />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.<br /><br />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.<br /><br />If you look at my forecast yesterday, see #1, you have 2 choices here;<br />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.<br />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).<br /><br />That's about it , guys......<br /><br /><br />Have a nice trading day.<br /><br />8.15amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com4tag:blogger.com,1999:blog-3963238507111214629.post-68662371000289732392010-05-25T08:31:00.007+08:002010-05-25T09:10:18.192+08:00Next<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwcFii4rqcFKMV0p7HoqjwwZqwQGno4XAK88_cRtAqALVK-RQMUeyIRUsHuPcy2t2dLPyQJsCbpQ_aBzfjxY4O7IXeSYPmym1Y6KB84eGZ2fXLBgrNfiESBg9AFdQ2osLWlo5KyGu9jG0/s1600/testing.bmp"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 400px; height: 232px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwcFii4rqcFKMV0p7HoqjwwZqwQGno4XAK88_cRtAqALVK-RQMUeyIRUsHuPcy2t2dLPyQJsCbpQ_aBzfjxY4O7IXeSYPmym1Y6KB84eGZ2fXLBgrNfiESBg9AFdQ2osLWlo5KyGu9jG0/s400/testing.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5475006929817401586" /></a><br />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.<br /><br />Today<br /><br />In long run, the market is still bearish but the short term, the market is bullish. My forecast for the day;<br />.<br />.<br />1) If the market opens between 2483 to 2487. Sell after the market has retraced and passed down the levels between 2474 to 2479.<br />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.<br />3) If the market opens between 2488 to 2492. Buy after the market has dropped 3 points below the opening level.<br />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.<br />5) Other than the above, it is your move.<br />6) Also refer to my posting dated 11th January, see #6<br /><br /><br />That's about it.<br /><br />Have a nice trading day, guys.....<br /><br />9.05amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com3tag:blogger.com,1999:blog-3963238507111214629.post-53180759572254079162010-05-24T08:44:00.004+08:002010-05-24T09:13:00.673+08:00Sign of going up?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjutA3nWJXqjjcDbRgVys7cX0TsAAhuQSmO2HOqngiLpdUooqgfTcjJYR74bm2XvqcapqifKlU2K50ttDcNvAPrBBYzNZrZ44u3hCcHZS1e3xMBb9jl7HZlR-HLJJckBNSGJVEzNM1t3PE/s1600/testing.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 400px; height: 219px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjutA3nWJXqjjcDbRgVys7cX0TsAAhuQSmO2HOqngiLpdUooqgfTcjJYR74bm2XvqcapqifKlU2K50ttDcNvAPrBBYzNZrZ44u3hCcHZS1e3xMBb9jl7HZlR-HLJJckBNSGJVEzNM1t3PE/s400/testing.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5474636854521289730" /></a><br />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!<br /><br />So, my forecast on last 13th of May - the market did not open within any of the forecasted points.<br /><br />Today<br /><br />Should I try to forecast again this time? Well,I don't know or may be just do it!<br /><br />The forecast for today; <br />In long run, the market is bearish but in short run the market is still bullish.<br /><br />1) If the market opens between 2483 to 2489. Sell after the market has retraced and passed down the levels between 2473 to 2478.<br />2) If the market opens between 2490 to 2495. Buy after the market has retraced 4 points below the opening.<br />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.<br /><br />That's about it.<br /><br />Have a nice trading day guys....<br /><br />9.13amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com5tag:blogger.com,1999:blog-3963238507111214629.post-65182528683337275002010-05-13T08:36:00.003+08:002010-05-13T09:05:07.978+08:00Still bearish?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiouort15PpQ_CNzDwB51KNf64Vr5idIkJ15__jSJSK5ZoOxAiyh6C0aQX40zpLL-oxNt7R-qlz4u21gSWzF5a7JYPqTJvcTTPgmi4CyPtbGTaA-torIbr7Rdjek2VmbWeNNUdN7tD9yAY/s1600/b1c63f48f67910e6.jpg"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 145px; height: 104px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiouort15PpQ_CNzDwB51KNf64Vr5idIkJ15__jSJSK5ZoOxAiyh6C0aQX40zpLL-oxNt7R-qlz4u21gSWzF5a7JYPqTJvcTTPgmi4CyPtbGTaA-torIbr7Rdjek2VmbWeNNUdN7tD9yAY/s400/b1c63f48f67910e6.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5470553396611240194" /></a><br />The CPO market dated 11th of May open not within one of the suggested forecasts so nothing happened!<br /><br />Today<br /><br />The forecast for today;<br /><br />1) If the market opens between 2505 to 2510. Sell after the market has fallen the levels between 2495 to 2500.<br />2) If the market opens between 2511 to 2516. Buy after the market has moved up passing the levels between 2520 to 2524.<br />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.<br />4) If the market opens between 2500 to 2506. Sell after the market has fallen passing the levels between 2490 to 2495.<br />5) If the market opens other than the above, it is simply your call.<br />6) Also refer to my psoting dated 11th January, see #6.<br /><br />The best thing is to refer to your dealer if you are uncertain.<br /><br />That's about it, just cross your finger.<br /><br /><br />Have a nice trading day, guys.<br /><br />9.05amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com1tag:blogger.com,1999:blog-3963238507111214629.post-46138842838038798782010-05-11T07:58:00.005+08:002010-05-11T08:24:58.221+08:00CPO : May Contract<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9bzM02leLKonuutvbjJlurQRhQMpa5VI0z4ku06ECAZJ7vgT4u6s7Dz50yTOV372uAKTBUrZLw1pZas2MeeA1H_G2GtGUCNbY18FyVJeAFZiZsqjduDaq7aZp-p-ESUF8fjXZMIvBRCY/s1600/testing.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 283px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9bzM02leLKonuutvbjJlurQRhQMpa5VI0z4ku06ECAZJ7vgT4u6s7Dz50yTOV372uAKTBUrZLw1pZas2MeeA1H_G2GtGUCNbY18FyVJeAFZiZsqjduDaq7aZp-p-ESUF8fjXZMIvBRCY/s320/testing.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5469801151832937810" /></a><br />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. <br /><br />Today<br /><br />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.<br /><br />Anyway, my forecast;<br /><br />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.<br />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.<br />3) Also refer to my posting dated 11th January, see #6<br /><br />That's about it.<br /><br />Have a nice trading day, guys<br /><br />8.25amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com1tag:blogger.com,1999:blog-3963238507111214629.post-12509972773623424182010-04-28T08:56:00.004+08:002010-04-28T09:18:39.887+08:00Bullish Trend?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXkxr4MT543qJIwFIbPX-Jlp0m870pmSFa2PkZMIWl9hkEkbe8YUQ-D9oPm1OZsxEI84Lil6GkaIHOXcviDijcgB8lg_ddH7PIjx8RM5_rPnsVQe1CY3meLfJTa3q_bTo6mnWtvoJywV0/s1600/testing.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 204px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXkxr4MT543qJIwFIbPX-Jlp0m870pmSFa2PkZMIWl9hkEkbe8YUQ-D9oPm1OZsxEI84Lil6GkaIHOXcviDijcgB8lg_ddH7PIjx8RM5_rPnsVQe1CY3meLfJTa3q_bTo6mnWtvoJywV0/s320/testing.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5464990790881591714" /></a><br />I refer to my forecast dated last 15th April. It seems that on that particular day, the market open within one of my forecasted points but it did not move according to what had been forecasted. So no gain, no loss!<br /><br />Today<br /><br />The trend now is bullish, so the market is expected to move further up. Anyway, it still very much depends on the opening of the market. The forecast for today;<br /><br />1) If the market opens between 2551 to 2559. Buy after the market has moved up passing the levels between 2561 to 2566.<br />2) If the market opens between 2520 to 2530. Sell after the market has moved up a bit and then falls 5 points below the opening level.<br /><br />That's about it for today.<br /><br />Also refer to my posting dated 11th January, see #6.<br /><br /><br /><br />Have a nice trading day, guys<br /><br />9.19amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-18840450039981868572010-04-15T08:21:00.003+08:002010-04-15T08:42:13.473+08:00What's NextThe Cpo ( Crude Palm Oil) futures for June contract open at 2543 and closed at 2528 yesterday. The highest was at 2546 and the lowest was at 2518. The market ended lower with a black bar. It was sellers' market with an increase in the open interest.<br /><br />Yesterday the market open but not within any of the suggested forecasts.<br /><br />Today<br /><br />The forecast for today;<br /><br />1) If the market opens between 2525 to 2533. Buy after the market has moved up passing the levels between 2539 to 2545.<br />2) If the market opens between 2517 to 2524. Sell after the market has retraced passing down the levels between 2505 to 2511.<br />3) If the market opens between 2501 to 2511. Sell after the market has passed down the levels between 2490 to 2495.<br />4) If the market opens between 2539 to 2545. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.<br />5) If the market opens other than the above, it is simply is your call.<br />6) Also refer to my posting dated 11th January, see #6<br /><br />Not sure? Just contact.......<br /><br />Have a nice trading day, guys<br /><br /><br />8.43aNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-30104773534763719342010-04-14T08:45:00.004+08:002010-04-14T09:27:30.684+08:00Next MoveThe CPO ( crude palm oil) futures for June contract open at 2520 and closed at 2534. The highest was at 2540 and the lowest was at 2511.The market closed lower with a white bar.It was sellers' market with the decreasing in open interest.<br /><br />Yesterday, the market open but not within any of the suggested forecasts, so just moves on.<br /><br />Today<br /><br />The forecast;<br /><br />1) If the market opens between 2517 to 2522. Sell after the market has passed down the levels between 2507 to 2512.<br />2) If the market opens between 2500 to 2506. Sell after the market has retraced passing down the levels between 2490 to 2495.<br />3) If the mmarket opens between 2523 to 2527. Buy after the market drops 4 to 10 points below the opening level but make sure this 4 to 10 points fall do not pass down the level 2516.<br />4) If the market opens between 2528 to 2534. Buy after the market has moved up passing the levels between 2539 to 2543.<br />5) If the market opens other the above, it is your call.<br />6) Also refer to my posting dated 11th January, see #6<br /><br /><br />Have a nice trading day, everybody<br /><br /><br />9.21amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com1tag:blogger.com,1999:blog-3963238507111214629.post-81350664432884720292010-04-13T08:49:00.005+08:002010-04-13T09:13:30.030+08:00Heading To Where Now?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiacJ9CRuWcwfEMgm4vr83dydPGnphn2qJFUBxwu4QC-fzXsk8vG-vr7p9PUaIrGBVmtG1coTSt4vClgttcdKD1Kb5dXlTAlWCjWmFol46_5URLDo7LK5qpvZY_1WOFZcdkDCQgpUB9JnY/s1600/testing.bmp"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 176px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiacJ9CRuWcwfEMgm4vr83dydPGnphn2qJFUBxwu4QC-fzXsk8vG-vr7p9PUaIrGBVmtG1coTSt4vClgttcdKD1Kb5dXlTAlWCjWmFol46_5URLDo7LK5qpvZY_1WOFZcdkDCQgpUB9JnY/s320/testing.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5459422970296051026" /></a><br />The market on 8th April did not open within any of the suggested forecasts and in fact the market open relatively higher than the forecast.<br /><br />So where is the market heading to today?<br /><br />Today<br /><br />In long and short run, the market is currently bearish, so the forecast for today;<br /><br />1) If the market opens between 2544 to 2551. Buy after the market has moved up passing the levels between 2556 to 2560. <br />2) If the market opens between 2522 to 2529. Sell after the market has retraced passing down the levels between 2512 to 2517.<br />3) If the market opens between 2530 to 2543. Sell after the market has moved 5 to 10 points above the opening level. Make sure this 5 to 10 poins do not exceed 2550.<br />4) If the market opens between 2505 to 2517. Sell after the market has moved up a bit and then falls 5 points below the opening level. If the market manages to beat down the levels below 2475, the market may fall further.<br />5) If the market opens besides the above, it is your call.<br />6) Also refer to my postings dated 11th January, see #6<br /><br />Have a nice trading day, guys.....<br /><br /><br />9.11am<br />9.14am - a little bit of updatingNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-48563576253163824812010-04-08T08:34:00.003+08:002010-04-08T09:09:56.452+08:00Still Bearish ?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz6TpyP0-CDkT7LTgfqR8NUZl7QUDXej1hNXhZJlUdoJxMV7tsT3IBZPdRr751X-oc0xJimoZIipanuqfki7wDVyQ_8oOsRB5IO48B8XA7l5C9qQxiu1_Yv3Rf7uPFlG9OefXYU5yEkF8/s1600/testing2.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 174px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz6TpyP0-CDkT7LTgfqR8NUZl7QUDXej1hNXhZJlUdoJxMV7tsT3IBZPdRr751X-oc0xJimoZIipanuqfki7wDVyQ_8oOsRB5IO48B8XA7l5C9qQxiu1_Yv3Rf7uPFlG9OefXYU5yEkF8/s320/testing2.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5457567182669251202" /></a><br />The CPO ( Crude Palm Oil )futures for June contract open at 2540 and closed at 2539. The highest was at 2545 and the lowest was at 2530.The market ended higher with a black bar and was sellers' market.<br /><br />Yesterday the market open but not within any of the forecasted suggestions .<br /><br />Today<br /><br />Since the market is still in the bearish situation, our opening strategy concentrates more on the selling aspect rather than buying. The forecast;<br /><br />1) If the market opens between 2515 to 2525. Sell after the market has gone up a bit and then falls 5 points below the opening level.<br />2) If the market opens between 2507 to 2515. Sell after the market has retraced passing down the levels between 2501 to 2506.<br />3) If the market opens between 2498 to 2507. Sell after the market has retraced passing down the levels between 2493 to 2497.<br />4) Other than the above, I have no idea.<br />5) Also refer to my posting dated 11th January, see #6.<br /><br />Have a nice trading day, guys<br /><br /><br />9.10amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com1tag:blogger.com,1999:blog-3963238507111214629.post-55254891827498849342010-04-07T08:17:00.005+08:002010-04-07T09:09:31.275+08:00Sidelines?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgp_3xF45iXc9c_sl-MxiupLQ3U074ePBuEv-5aFnwUI0sphE5rKGxhSUyV3L34Yn_XvC7oQYr-r-GUt-ELaR4Zz5myAzUuxJnNYowN6iBBKzGYZVJ1KnF2DR7ffy1SWBcy2WUvSaRWGGA/s1600/testing2.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 175px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgp_3xF45iXc9c_sl-MxiupLQ3U074ePBuEv-5aFnwUI0sphE5rKGxhSUyV3L34Yn_XvC7oQYr-r-GUt-ELaR4Zz5myAzUuxJnNYowN6iBBKzGYZVJ1KnF2DR7ffy1SWBcy2WUvSaRWGGA/s320/testing2.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5457195021609382994" /></a><br />I refer back to my forecast dated 5th April and since the market on that particular day did not open within any of the forecasted points, so I think it is better not to discuss the matter.<br /><br />Yesterday the market ended above 2500 and it indicated that the market is still in the sideways situation. Is it true? If the levels 2600 and above, or 2480 and lower, are broken, the market may move into a new direction. If you ask me? I think you know what would be the answer.<br /><br />Today<br /><br />The forecast for today;<br /><br />1) If the market opens between 2523 to 2530. Buy after the market has moved up passing the levels between 2534 to 2539. More significant if the market opens more towards the upper level of the 2523-to-2530 levels.<br />2) If the market opens between 2507 to 2515. Sell after the market has retraced passing down the levels between 2498 to 2502. More significant if the market opens more towards the lower level of the 2507-to-2515 levels.<br />3) If the market opens between 2499 to 2505. Sell after the market has fallen down passing the levels between 2490 to 2495.<br />4) If the opens between 2480 to 2493. Sell after the market has moved up a bit and then falls 5 points below the opening level.<br />5) If the market opens other than the above, it is your call....<br />6) Also refer to my posting dated 11th January, see #6.<br /><br />That's about it.<br /><br /><br />Have a nice trading day, guys...<br /><br />9.06amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-76537758372432064332010-04-05T07:58:00.002+08:002010-04-05T08:20:04.829+08:00DisposalThe market on 1st of April open within one of the suggested forecasts but the movement or the direction did not move accordingly.<br /><br />If you look at the market last week, there were signs that the market may go further up but if you look at the last Friday's performance, the market gave a sign that the open interest has decreased quite subtantially. It indicates that the market may be in the position of falling down. The question; which is which now?<br />If you ask me, I would say I don't know. It may depend on where the market will open today.<br /><br />Today<br /><br />1) If the market opens between 2564 to 2569. Buy after the market has moved up passing the levels between 2574 to 2579.<br />2) If the market opens between 2550 to 2556. Sell after the market has decreased passing down the levels between 2540 to 2545.<br />3) If the market opens between 2536 to 2545. Sell after the market has moved up a bit and then falls 5 points below the opening level. If the market manages to pass the levels between 2530 to 2535, the market may fall furthur down.<br />4) If the market opens other than the above, it is your call...<br />5) Also refer to my posting dated 11th January, see #6<br /><br />That's about it.<br /><br /><br />Have a nice trading day, guys...<br /><br /><br />8.20amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-8208249855599548142010-04-01T08:47:00.002+08:002010-04-01T09:12:55.006+08:00Still Sideline?The market has already breached down the level 2520 but it seemed that the downward movement was only temporary. Instead the market bounced back to end higher after breaching the level 2560 yesterday. The big question here ; Is the market still in the sidelines phase ?<br /><br />If you look at my forecast on last Friday dated 26th March and had placed a sell position at the suggested forecast, there was no way for you to make money. In any way, you must have ended losing your money.<br /><br />Today<br /><br />The forecast;<br /><br />1) If the market opens between 2536 to 2542. Sell after the market has dropped passing down the levels between 2525 to 2530.<br />2) If the market opens between 2515 to 2524. Sell after the market has moved up a bit and then falls 5 points below the opening level.<br />3) If the market opens between 2555 to 2561. Buy after the market has moved up passing the levels between 2567 to 2571.<br />4) If the market opens other than the above, it is your call.<br />5) Also refer to my posting dated 11th January, see #6.<br /><br /><br />Have a nice trading day, guys....<br /><br />9.13amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-44793818128487388542010-03-26T08:31:00.004+08:002010-03-26T09:05:43.356+08:00Stuck?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhizaO548sADx-tYSjkKQ1j1aEzcp6CqOL46p-mR8pTgJH0LL2YAwmIeX758lEY8ocESgVAs-_FPaUjwHkSJNq4Wcycim_rO1ZUkZACTKr4VeiqkGhyphenhyphenaaFlMWu451_O1wSpC1SkBuRw7w4/s1600/testing2.bmp"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 166px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhizaO548sADx-tYSjkKQ1j1aEzcp6CqOL46p-mR8pTgJH0LL2YAwmIeX758lEY8ocESgVAs-_FPaUjwHkSJNq4Wcycim_rO1ZUkZACTKr4VeiqkGhyphenhyphenaaFlMWu451_O1wSpC1SkBuRw7w4/s320/testing2.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5452741665711215074" /></a><br />The CPO ( Crude Pal Oil ) futures for Jun contract open at 2556 and closed at 2575 yesterday. The highest was at 2579 and the lowest was at 2551. The market ended higher with a white bar and was sellers' market.<br /><br />Based on my forecast yesterday, the market open within one of the suggested forecasts but the movement of the market was on different direction.<br /><br />The market, currently, is in the state of 'stucking'( sidelines) between the levels 2520 to 2610. If either one of these levels are breached, a new direction is expected to be experienced ( see enclosed graph ). <br /><br />Today<br /><br />My forecast;<br /><br />1) If the market opens between 2561 to 2568. Sell after the market has retaraced passing down the levels between 2550 to 2555. More significant if the market opens more towards the lower level of the 2561-to-2568 levels.<br />2) If the market opens between 2551 to 2560. Sell after the market has fallen passing the levels between 2540 to 2545.<br />3) If the market opens between 2533 to 2545. Sell after the market has moved up a bit and then falls 5 points below the opening level.<br />4) If the market opens between 2605 to 2615. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.<br />5) If the market opens between 2570 to 2584. I don't know but I think the market may end a black bar today or at least in either session ( black bar in the morning session or black bar in the afternoon or black bars in both morning and afternoon sessions)<br />6) If the market opens other then the above....<br />7) Also refer to my posting dated 11th January, see #6<br /><br />If you are not sure...blahblahblahblah...<br /><br /><br />Have a nice trading day, guys...<br /><br /><br />9.06amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-24582576016202160582010-03-25T08:35:00.004+08:002010-03-25T09:10:41.974+08:00Still Hot<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrEXAt40NO_PZsJdmryZ2TKNkGLKlUR64WfTjEtRGZBdQk2KYwDyHPgjyfBpNoGgVywPnFCh77_X4sO767RboiBWCzEJhqoWOLN9uBBkrHe9yk87Lkbp5BFpuz84LMGPdcOsxvlK_fdVA/s1600/testing2.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 164px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrEXAt40NO_PZsJdmryZ2TKNkGLKlUR64WfTjEtRGZBdQk2KYwDyHPgjyfBpNoGgVywPnFCh77_X4sO767RboiBWCzEJhqoWOLN9uBBkrHe9yk87Lkbp5BFpuz84LMGPdcOsxvlK_fdVA/s320/testing2.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5452372032584743154" /></a><br />The CPO ( Crude Palm Oil ) futures for Jun contract open at 2585 and closed at 2560 yesterday. The highest was at 2595 and the lowest was at 2549. The market ended lower with a black bar.<br /><br />The wheather in Kuala Lumpur is still hot with the rain that sometimes falls not on regular basis.The water level in some of the catchment areas in the Kinta Valley are reported to have experienced the fall in its normal height.<br /><br />Yesterday, the market open but not within any of the suggested forecasts.<br /><br />Today<br /><br />The forecast ;<br />1) If the market opens between 2549 to 2556. Sell after the market has dropped passing down the levels between 2539 to 2544. If the market manages to fall below 2523, the market may fall further down.<br />2) If the market opens between 2535 to 2544. Sell after the market has moved up a bit and than falls 5 points below the opening level.<br />3) If the market opens between 2570 to 2580. Buy after the market has moved up passing the levels between 2585 to 2590. Make sure your stop loss is about 25 points this time.<br />3) If the market opens between 2590 to 2600. Buy after the market has moved up passing the levels between 2605 to 2610.<br />4) If the market opens between 2605 to 2613. Buy after the market has dropped a bit and then moves up 5 points above the opening level.<br />5) Other than the above, it,s your call<br />6) Also refer to my posting dated 11th January, see #6<br /><br />As usual, if not sure....don't do anything...or do something...<br /><br /><br />Have a nice trading day, guys...<br /><br />9.13amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-55554704463468040782010-03-24T08:22:00.003+08:002010-03-24T08:57:24.589+08:00Next Move<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmu9pwNALuOuqm_jXv7sY3muKCQsuXJ9tMBPxKQcNWgUZ78x_jTgE2302nZs35cbeovP2lNXRgsPwBapxnuBjYiFshF85tCOuYbK5khoa4q3y2RfG5UOfLhgzPRE4izxsbX3ngtqvMy2U/s1600-h/testing2.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 185px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmu9pwNALuOuqm_jXv7sY3muKCQsuXJ9tMBPxKQcNWgUZ78x_jTgE2302nZs35cbeovP2lNXRgsPwBapxnuBjYiFshF85tCOuYbK5khoa4q3y2RfG5UOfLhgzPRE4izxsbX3ngtqvMy2U/s320/testing2.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5451996727086604082" /></a><br />The CPO ( Crude Palm Oil) futures for Jun contract open at 2589 and closed at 2591. The highest was at 2597 and the lowest was at 2571. The market ended higher with a white bar.<br /><br />After the opening at 2589, the market immediately dropped to 2581 and bounced back to 2597, the highest of the day. At about 10.40a.m., the market started to retrace to 2576 before closing at 2582 for lunch break. In the afternoon, the market open at 2582, immediately dropped to 2571, bounced back and started to climb to 2597 before finally settled at 2591.<br /><br />If you look at my forecast yesterday,see #4, and had placed a buy position here, say at 2594 , you would have definitely ended up losing your money even if your stop loss was 20 points below the buy position. Well, you can't win the all!<br /><br />Today<br /><br />My forecast for today;<br /><br />If the market opens;<br />1.1) Between 2573 to 2584. Sell after the market has retraced passing down the levels between 2562 to 2567.<br />1.2) Between 2590 to 2600. Buy after the market has moved passing up the levels between 2605 to 2610.<br />1.3) Between 2605 to 2617. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.<br />1.4) Between 2556 to 2567. Sell after the market has moved up abit and then falls 5 points below the opening level.<br />1.5) Other than the above. It is up to you.....<br /><br />2)Also refer to my posting dated 11th January, see #6.<br /><br />If you are not sure, just contact your...whoever...<br /><br /><br />Have a nice trading day, Mike<br /><br /><br />8.57amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-43209614769947887382010-03-23T08:44:00.003+08:002010-03-23T09:17:13.361+08:00Where's NextLately, every where you go within Malaysia, especially if you go for a vacation, people are talking about the current hot climatic situation. Even if your house is equipped with the air conditioned gadgets, the hotness is still felt greatly. If you are to go for a vacation, the best place to retreat is the beach or the cooler highland areas. Will this 'normal' phenomena which is currently facing the country have an effect on the oil palm production? I don't know, may be.<br /><br />Today<br /><br />The forecast:<br /><br />1) If the market opens between 2570 to 2579. Buy after the market has moved up passing the level 2585. More significant if the market opens more towards the upper level of the 2570-to-2579 levels.<br />2) If the market opens between 2566 to 2576. Sell after the market has retraced passing down the level 2561. More significant if the market opens more towards the lower level of the 2566-to-2576 levels.<br />3) If the market opens between 2551 to 2561. Sell after the market has moved up a bit and then falls 5 points below the opening level.<br />4) If the market opens between 2588 to 2594. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level. More significant if the market opens more towards the lower level of the 2588-to-2594 levels.<br />5) If the market opens other than the above....it is your call..who else?<br />6) Also refer to my posting dated 11th January, see #6.<br /><br />Any way, if you are uncertain....just call your dealer...I have no part of it.<br /><br /><br />Have a nice trading day guys...<br /><br /><strong>P/S Hai MJ</strong><br /><br />9.30amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-9179118161699175532010-03-11T08:02:00.004+08:002010-03-11T08:55:35.550+08:00Another Correction?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7vXh0BP3h_Pvpk_N7PZuyqBl7IZLnHz4-BsbNNR56d80H44uKdGWA4c3ko7g1kGAB7kLBNL2lrcSBpjRXduxOELhDFxsln96Hqr1vl9MCbTu08viRjok741gFaUoonKSiYYNW7EjTrCQ/s1600-h/test3.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 154px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7vXh0BP3h_Pvpk_N7PZuyqBl7IZLnHz4-BsbNNR56d80H44uKdGWA4c3ko7g1kGAB7kLBNL2lrcSBpjRXduxOELhDFxsln96Hqr1vl9MCbTu08viRjok741gFaUoonKSiYYNW7EjTrCQ/s320/test3.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5447173440775158738" /></a><br />Yesterday the CPO ( Crude Palm Oil) futures for May contract open at 2670 and closed at 2685. The highest was at 2719 and the lowest was at 2654. The market ended higher with a white bar.<br /><br />The market open at 2670 at 10.30a.m. and immediately moved up to 2679. From 10.32a.m. to 10.35a.m., the market linggered between 2673 to 2689 ( highest of the morning session).The market then dropped to 2654, the lowest of the day, before closing at 2660 for lunch break. In the afternoon, the market open at 2666, retraced a bit and bounced up to finally settle at 2685.<br /><br />If you look at my forecast yesterday, see #2, and were able to place a sell position, say at 2681, you would have been able to make a maximum profits of 25 points if you decided to close the position before lunch. If you decided to prolong to after lunch, your profits could have been less than 25 points because the market rebounded back after touching the lowest point of 2657 at about 3.10p.m.<br /><br />Since the school holidays will be approaching next week, I will not be 'around' for a while. I am planning to go elsewhere with my family.<br /><br />Have a nice trading day, guys....<br /><br />8.56amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-90261775184407841522010-03-10T08:01:00.006+08:002010-03-10T09:14:53.987+08:00Another Correction?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwj1_kDblZLXoJPoEB99QxEHebTT192F_GtgoGiVgSCd8rNj4Ov_DZEWCtOFSQFSWTC-9qKqyWAvTmgx6c-dy1tpQ2UYE_1h-DzYmJmkRHZZFo9DZHw5z2DID35IKTr4IVqx7lnF9WPCA/s1600-h/testing.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 150px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwj1_kDblZLXoJPoEB99QxEHebTT192F_GtgoGiVgSCd8rNj4Ov_DZEWCtOFSQFSWTC-9qKqyWAvTmgx6c-dy1tpQ2UYE_1h-DzYmJmkRHZZFo9DZHw5z2DID35IKTr4IVqx7lnF9WPCA/s320/testing.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5446805677617548882" /></a><br />Yesterday the market ended lower with a long black bar with a 59 points down. Does this long bar indicate that the market is going down at this point of time for a while or just another correction before the market is to go up again. Some analysts said the market was down due to the fall of crude oil futures below the psychological price of US80 per barrel. If you ask me ? I would say , "I don't know, Mike".<br />The market on Monday open within one of the forecasted suggestions but did not move accordingly.<br /><br />Today<br /><br />The forecast for today;<br /><br />If the market opens between:<br />1) 2697 to 2709. Buy after the market has moved passing up the levels between 2715 to 2723. If the market manages to beat up the level above 2730, the market may go further up. More significant if the market opens more towards the upper level of the 2697-to-2709 levels.<br />2) 2661 to 2696. Sell after the market has moved up 11 points above the opening level.<br />3) 2650 to 2660. Sell after the market has retraced passing down the levels between 2638 to 2644. More significant if the market opens more towards the lower end of the 2650-to-2660 levels.<br />4) 2634 to 2639. Sell after the market has moved up a bit and then falls 5 points below the opening level.<br />5) If the market opens other than the above, it is your call... I don't know guys, I still have not found the mechanism to place a position here yet.<br />6) If you are not sure , just contact your broker but not your brother-in-laws, they simply do not agree with you for being in this CPO futures market.<br /><br />That's about it.<br /><br />Have a nice trading day...Mike....( Australians prefer to use the word 'Mike' rather than 'guy'. Am I right?)<br /><br /><br />8.56am<br />9.16am - a little bit of updatingNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-58862731104654768782010-03-08T08:49:00.005+08:002010-03-08T09:25:44.225+08:00New Heading ?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2MvXnnIVv_UUUkgtklOJrggHIOHxVBV-JN_EnR-WZeCgZt9X6Sxd7DZa7D4zmf5Dg-fPutjT13oQERRlCnDpctCzIyLSUh0Ff1whq11n8kqsDD3NUEFlIJGdF9ic_tqFlMqe7-rJXuWE/s1600-h/test.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 152px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2MvXnnIVv_UUUkgtklOJrggHIOHxVBV-JN_EnR-WZeCgZt9X6Sxd7DZa7D4zmf5Dg-fPutjT13oQERRlCnDpctCzIyLSUh0Ff1whq11n8kqsDD3NUEFlIJGdF9ic_tqFlMqe7-rJXuWE/s320/test.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5446066927464801330" /></a><br />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.<br /><br />Today<br /><br />My forecast for today;<br /><br />If the market opens between:<br />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.<br />2) 2650 to 2664. Sell after the market has moved up a bit and then falls 5 points below the opening level.<br />3) If the market opens other than the above, it is simply is your call.<br />4) Also refer to my postings dated 11th January, see #6.<br /><br />If you are not sure, just contact your cpo broker's representative.<br /><br />That's about it.<br /><br />Have a nice trding day, guys......<br /><br />9.13am<br />9.25am - a little bit of updating.Nick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0tag:blogger.com,1999:blog-3963238507111214629.post-84200479859797514602010-03-01T08:26:00.006+08:002010-03-01T09:12:05.225+08:00Market Goes Southwards<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLAgpLIvnmJ3tv4kKQQlktW4O7r0J7BkgZFzB-lqlvhEPIOi1zsi6ZjmHdck0C2lnMmddyIMHmmseFaAQa1jUkTaDJ1dKUwumwX8AZ9QmSwTfw6ec8UCU8lKLOy4fbKrnKlIi2K5WnOXM/s1600-h/test.bmp"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 161px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLAgpLIvnmJ3tv4kKQQlktW4O7r0J7BkgZFzB-lqlvhEPIOi1zsi6ZjmHdck0C2lnMmddyIMHmmseFaAQa1jUkTaDJ1dKUwumwX8AZ9QmSwTfw6ec8UCU8lKLOy4fbKrnKlIi2K5WnOXM/s320/test.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5443461600810416834" /></a><br />The CPO ( Crude Palm Oil) futures for May contract open at 2605 and closed at 2595 on last Thursday, 25th of February. (Friday was a public holiday in Malaysia).The highest was at 2615 and the lowest was at 2580. The market ended up higher with a black bar. Anyway, it was sellers' market.<br /><br />After opening at 10.30a.m. at 2605, the market dropped a bit and then moved up to 2615, the highest of the day. The market started to fall down at about 10.35a.m. from the highest level to 2585, to the lowest in the morning session,before settling at 2591 just before lunch.In the afternoon, the market open at 2595 and started to fall further down to 2580, the lowest of the day, before bouncing back to finally close at 2595.<br /><br />If you look at my forecast, see # 4, and had managed to place a sell position at 2608 or the highest at 2615 ( see graph as above ), you could probably have been able to make a maximum profits of 30 points if you decided to close the position before lunch. If you had decided to close your position after lunch, you could have had made 5 points more. In anyway,there was no way for you to end up losing your money on that day!<br /><br /><br />That's about it <br /><br /><br />Have a nice trading day, Mike..<br /><br /><br />P/s There are no countries in the world which like to assinate leaders from other countries except US and Israel.<br /><br />8.53amNick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.com0