CPO : Soy Bean Down

The CPO ( Crude Palm Oil ) futures for October contract open at 2300 and closed at 2325 yesterday. The highest was at 2345 and the lowest was at 2275. The market ended lower with a white bar.

Having open at 2300, the market immediately moved up to 2308 and then fell to 2275, the lowest of the day, before moving up again to settle at 2293 before lunch break. In the afternoon, the market kept climbing up to 2345, the highest of the day, before finally closed at 2325.

If you look at my forecast yesterday, see # 3, after the market open, it moved up a bit ( 8 points ) and then fell to 25 points after the opening to the lowest of the day. If , say, you had placed a sell position at 2294, you would probably have been able to make profits between 10 to 19 points. As in a day trading, the moment you see some profits, it is better for you to lock them up before the market goes against you because if you decide to prolong, you may not end up to what you may expect it to be.

Today

As for today, I'd like to take a rest from doing any forecasting....yabadabadooo..

Have a nice day and enjoy your trading, guys.....

3-8.40am

CPO Next Move

The CPO ( Crude Palm Oil ) futures for October contract open at 2331 and closed at 2333 ysterday. The highest was at 2357 and the lowest was at 2304. The market ended higher with a small white bar.

The market open at 2331, dropped a bit and then moved up to 2357, the highest of the day, before dropping back to 2339 before lunch break. In the afternoon, the market kept falling down to the lowest of the day before pulling up again to close higher at 2333.

If you look at my yesterday's forecast (see#1), and had, say, placed a buy position at 2346, then you would be in a situation of ; making profits of between 2 to 10 points or making a loss of 2 to 10 points if you decided to close position just before lunch. Had you decided to prolong after the morning session, you would have definitely ended upwith a burn in your pocket .

Today

Well, this week's performance, if you are to use this opening-strategy, has not been good, don't you think so? Then, it should mean that you must not depend on one strategy only but have to have a few other strategies as well. At least, it will make sure that you have other methods to enter and exit the market.

My forecast for today;

1) If the market opens between 2314 to 2324. Sell after the market has moved up 6 points above the opening level. Any way, if the market keep moving up and passes the levels between 2346 to 2352, the market may move further up especially if the market opens more towards the upper level of the 2314-2324 points.

2) If the market opens between 2331 to 2341. Buy after the market has moved up beating the levels between 2346 to 2352.

3) If the market opens between 2304 to 2313. Sell after the market has fallen and passed down the levels between 2294 to 2299.

4) If the market opens between 2280 to 2303. Sell after the market has moved up a bit and then falls 6 points below the opening level or sell after the market has fallen 6 points below the opening level.

5) If the market opens other than the above, it is your call....

6) Please refer also to my posting dated 12th January ( see # 6)

If not sure...just contact anybody whom you think you can trust but not....me!!!

Have a nice trading day, guys....

3-9.50am

To Fall Further?

Sorry everybody. I was not available to comment on my last forecast dated 3rd August due to some reasons (....actually I was overslept ). If you look at my forecast on that particular day, the market open at 2232 but due to the fact that the 13 points sell's situation suggested had already exceeded 2237 , so , theoretically, sell position was not supposed to have taken placed.

Today

In the short term, the market is still bullish but the very very short term is now bearish. My forecast for the day are as follows;

1) If the market opens between 2298 to 2334. Sell after the market has moved up 9 points above the opening level. Any way, just be careful here because if the market manages to beat up the levels between 2346 to 2351 especially if the market opens more towards the upper level of the 2298-to-2334 levels, the market may go further up or if the market opens between 2330 to 2341 and manages to beat up the levels between 2346 to 2351 - Buy here because the market may go further up and may end up a white bar today or at least in the early part of the trading day.
2) If the market opens between 2335 to 2344. Buy after the market has moved up passing the levels between 2345 to 2350. The market may go further up and a white bar may be formed today or at least in the early pasrt of the trading day.
3) If the market opens between 2288 to 2297. Sell after the market has retraced passing down the levels between 2278 to 2283. The market may fall further if these levels are to be broken.
4) If the market opens between 2263 to 2283. Sell after the market has moved up a bit and then falls passing 6 points below the opening level or sell after the market has dropped 6 points below the opening level.
5) If the market opens between 2350 to 2357. Buy after the market has dropped a bit and then moves up 5 points above the opening level or buy after the market has moved up 6 points above the opening level.
6) If the market opens besides the above.....it is your call
7) Please refer to my posting dated 12th January, see #6.


Have a nice trading day, guys...

3-9.40am

CPO Reversal ?

Last Friday, the CPO ( Crude Palm Oil ) futures for October contract open at 2206 and closed at 2189. The highest was at 2248 and the lowest was at 2175. The market ended lower and was a black bar.

The market open far too high from what had been forecasted, so let us just move on to today's forecast instead.

Today

In long run, the market is still bearish. The medium run, the market is bullish and the very very short run, the market is bearish now. So the forecast for the day ;

1) If the market opens between 2186 to 2237. Sell after the market has moved up 13 points above the opening level. Make sure that these 13 points do not exceed the level 2237 when the market opens. Be careful of the false alarm and do not forget your stop loss.
2) If the market opens between 2238 to 2248. Buy after the market has passed up the levels between 2253 to 2258. If you see any profits, just lock them up!
3) If the market opens between 2175 to 2185. Sell after the market has fallen and passed down the levels between 2165 to 2170.
4) If the market opens between 2148 to 2170. Sell after the market has moved up a bit and then falls 7 points below the opening level.
5) If the market opens other than the above, it is your call....Of course, who else?
6) As usual, please refer to my posting dated 12th January ( see # 6 )


If you are in doubt, just contact your dealer. He/she will advice you ( Will he/she? )



Have a nice trading day, everybody...


P/s I have no idea for today....

4-8.47am

Further Up ?

The CPO ( Crude Palm Oil) futures for October contract open at 2111 and closed at 2145. The highest was at 2155 and the lowest was at 2098 yesterday. The market ended higher and was a white bar.

The market open at 2111 and immediately dropped to 2098, the lowest of the day, before shooting up to close at 2118 just before lunch ( see enclosed graph ). After lunch, the market kept moving up to finally close at 2145. Well, yesterday I made a loss of about 20 points because I placed a sell position at 2106. After placing my position, the market started to go against me by moving up and I had no choice but to cut loss at 2126. That is it, you can't win them all!

Today

Are you still interested to know about my forecast for today ? Or may be you have already lost your confident , who knows. For those who still want to 'hear' about my today's forecast; the forecast is as follows:

1) If the market opens between 2134 to 2145. Buy after the market has dropped 5 points below the opening level. As usual, be xtra careful of the false alarm and do not forget your stop loss.

2) If the market opens between 2146 to 2165. Buy after the market has dropped a bit and then moves up 5 points above the opening level or buy after the market has moved 6 points above the opening level. If you see any profits, just lock them up.

3)If the market opens between 2113 to 2124. Sell after the market has retraced to pass down the levels between 2103 to 2108. If these levels are breached, the market may fall further or at least in the early part of the trading day.

4) If open other than the above, it's to your decision.....

5) Please refer to my posting dated 12th January ( see # 6)

If you are not sure........just do whatever you feel like doing except do not do something that against the law and whatever your religion forbids ( unless you don't care about religion)

Have a nice trading day, guys....

P/s ...??

3- 9.08am

CPO Futures - Ding Dong

The CPO ( Crude Palm Oil) futures for October contract open at 2128 and closed at 2140 yesterday. The highest was at 2158 and the lowest was at 2109. The market ended lower and was a black bar.

Yesterday the market open within one of the forecasted levels but did not move accordingly. As usual, no comment.

Today

In long run, the market is still bearish but the short and medium terms, the market is bullish now. The forecast for today ;

1) If the market opens between 2109 to 2118. Sell after the market has retraced to pass down the levels between 2100 to 2105. If the market manages to fall down the levels between 2075 to 2080, the market may fall further down and it may end a black bar today or at least in the early part of the trading day.

2) If the market opens between 2119 to 2128. Sell after the market has moved up 5 points after opening level. Be xtra careful of the false alarm and do not forget your stop loss.

3) If the market opens between 2129 to 2138. Buy after the market has moved up and passed the levels between 2143 to 2148. If these levels are broken up, the market may go further up.

4) If the market opens between 2085 to 2104. Sell after the market has moved up a bit and then falls 7 points below the opening level.

5) If the market opens between 2139 to 2150. Buy after the market has retraced a bit and then moves up 6 points above the opening level or buy after the market has moved 6 points above the opening level.

6) If the market opens besides the above....it's your move....or may be you can go out and watch The Room - voted to be the Best Worst Film Ever Produce.

7) Please refer to my posting dated 12th January ( see #6 )

If not sure....then you are not sure..what else!

Have a nice trading day, guys/ gals...

P/s - Have u seen The Room? People are flocking to the theatre, in US, to watch this Best Worst Film ever produced.

3-9.01am

CPO Futures Ends Higher

The CPO ( Crude Palm Oil ) futures for October contract open at 2125 and closed at 2140 yesterday. The highest was at 2146 and the lowest was at 2106. The market ended higher and was a white bar.
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The marke did not open within the suggested forecasts, so no comment for today.

Today

In long term, the market is still bearish but the very very short and medium term, the market is bullish. My forecast for today;

1) If the market opens between 2130 to 2146. Buy after the market has fallen 5 points below the opening level or/and if the market opens between 2136 to 2146; Buy after the market has fallen 5 points below the opening level or buy after the market has moved up 7 points above the opening level. Be xtra careful of the false alarm and do not forget your stop loss.
2) If the market opens between 2147 to 2156. Buy after the market has dropped a bit and moved up 5 points above the opening level or buy after the market has moved 7 points above the opening level.
3) If the market opens between 2157 to 2171. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2120 to 2129. Sell after the market has passed down the levels between 2110 to 2115
5) If the market opens between 2095 to 2115. 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...I just do not know what to say...
7) Plese refer to my posting dated 12th January 2009 ( see # 6)
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Have a nice trading day, guys...
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3-1.08am