The CPO ( Crude Palm Oil ) futures for November contract open at 2141 and closed at 2210 yesterday. The highest was at 2210 and the lowest was at 2135 . It was the buyers' market and it ended higher.
So, if a sell position was placed yesterday at 7 points above the opening level as suggested by the forecast, one would ended up losing some money. Yesterday also indicated 3 consecutive days of losses. What more can I say, man.
Today
I think I better refrain from making any forecast for today
Have a nice trading day, guys..
8.00am
Wednesday, September 9, 2009
Tuesday, September 8, 2009
CPO Keeps Moving Southwards
The CPO ( Crude Palm Oil) futures for November contract ended lower on last Friday dated 4th September. The market open at 2218 ( see #2) and immediately fell to 2204 before shooting up and be at the top level for most of the day. So had a sell position been placed between 2008 to 2013, a loss of at least 20 points could not have been avoided. So that was what had happeded to me! Two consocutive days of losses. What a day!
Today
In long run, the market is now in bearish postion and so is the very short term. The forecast for today ;
1) If the market opens between 2136 to 2151. Sell after the market has moved up 7 points above the opening level.
2) If the market opens between 2125 to 2135. Sell after the market has retraced and passed down the levels between 2115 to 2120.
3) If the market opens between 2152 to 2161. Buy after the market has moved up and passed the levels between 2166 to 2172.
4) If the market opens between 2166 to 2177. Buy after the market has dropped a bit and then moved up 5 points above the opening level.
5) If the market opens between 2178 to 2186. Buy after the market has dropped a bit and then moved up 5 points above the opening level or buy after the market has moved up 5 points above the opening level.
6) If the market opens between 2100 to 2119. Sell after the market has moved up a bit and then falls 5 points below the opening level.
7) If the market opens other than the above, it is your call.....I am blank now.
Have a nice trading day, guys...
P/s. The new PM of Israel, Netanyahu, has made an announcement to build about 350 unit of houses in the occupied land of Pelastine. This is his first action regarding the occupied land after taking office. He is nothing but ....?!#@$%^&%$!? ( Well, that is the most that I can do....)
8.30am
Today
In long run, the market is now in bearish postion and so is the very short term. The forecast for today ;
1) If the market opens between 2136 to 2151. Sell after the market has moved up 7 points above the opening level.
2) If the market opens between 2125 to 2135. Sell after the market has retraced and passed down the levels between 2115 to 2120.
3) If the market opens between 2152 to 2161. Buy after the market has moved up and passed the levels between 2166 to 2172.
4) If the market opens between 2166 to 2177. Buy after the market has dropped a bit and then moved up 5 points above the opening level.
5) If the market opens between 2178 to 2186. Buy after the market has dropped a bit and then moved up 5 points above the opening level or buy after the market has moved up 5 points above the opening level.
6) If the market opens between 2100 to 2119. Sell after the market has moved up a bit and then falls 5 points below the opening level.
7) If the market opens other than the above, it is your call.....I am blank now.
Have a nice trading day, guys...
P/s. The new PM of Israel, Netanyahu, has made an announcement to build about 350 unit of houses in the occupied land of Pelastine. This is his first action regarding the occupied land after taking office. He is nothing but ....?!#@$%^&%$!? ( Well, that is the most that I can do....)
8.30am
Friday, September 4, 2009
Cpo: New Leads?
The CPO ( Crude Palm Oil) futures for November contract open at 2226 and closed at 2218 yesterday. The highest was at 2258 and the lowest was at 2218. The market ended lower with a black bar eventhough it was a buyer's market
If you refer to my forecast yesterday, see # 3, the market open at 2226 and since then it kept moving up to end higher in the morning session. Had you place a sell position at 5 points above the opening, you would have ended poorer than the day before. If you prolong to after lunch, it would have been much worst. Yesterday, I made a loss of 20 points!
Today
The market, in long run, is still bullish but the very short term, is bearish. ;
1) If the market opens between 2225 to 2232. Sell after the market has moved up 7 points above the opening level or sell after the market has fallen down 5 points below the opening level.
2) If the market opens between 2218 to 2224. Sell after the market has fallen down passing the levels between 2208 to 2213.
3) If the market opens between 2233 to 2238. Buy only after the market has moved up and passed the levels between 2243 to 2248.
4) If the market opens between 2239 to 2247. Sell after the market has moved up 7 points above the opening level.
5) If the market opens between 2248 to 2258. Buy after the market has passed up the levels between 2263 to 2270.
6) If the market opens between 2272 to 2280. Buy after the market has dropped 7 points below the opening level or buy after the market has moved up 5 points above the opening level.
7) If the market opens between 2193 to 2213. Sell after the market has dropped 7 points below the opening level.
8) If market opens besides the above...it is your call...you can call anybody you like.
9) Please refer to my posting dated 12th January, see #6.
If you are not sure.....well,..er..mmmm....nnnn....bbbb
Have a nice trading day, guys..
8.50am
If you refer to my forecast yesterday, see # 3, the market open at 2226 and since then it kept moving up to end higher in the morning session. Had you place a sell position at 5 points above the opening, you would have ended poorer than the day before. If you prolong to after lunch, it would have been much worst. Yesterday, I made a loss of 20 points!
Today
The market, in long run, is still bullish but the very short term, is bearish. ;
1) If the market opens between 2225 to 2232. Sell after the market has moved up 7 points above the opening level or sell after the market has fallen down 5 points below the opening level.
2) If the market opens between 2218 to 2224. Sell after the market has fallen down passing the levels between 2208 to 2213.
3) If the market opens between 2233 to 2238. Buy only after the market has moved up and passed the levels between 2243 to 2248.
4) If the market opens between 2239 to 2247. Sell after the market has moved up 7 points above the opening level.
5) If the market opens between 2248 to 2258. Buy after the market has passed up the levels between 2263 to 2270.
6) If the market opens between 2272 to 2280. Buy after the market has dropped 7 points below the opening level or buy after the market has moved up 5 points above the opening level.
7) If the market opens between 2193 to 2213. Sell after the market has dropped 7 points below the opening level.
8) If market opens besides the above...it is your call...you can call anybody you like.
9) Please refer to my posting dated 12th January, see #6.
If you are not sure.....well,..er..mmmm....nnnn....bbbb
Have a nice trading day, guys..
8.50am
Thursday, September 3, 2009
Cpo: Not Very Promising?
The market for the past one week has not been promising probably because the market was uncertain except for the past two days where the market has shown a kind of direction. This could be due to the fall in crude oil prices in the world market quite recently. Today
In long run, the market is still bullish but the very very short run, the market is already in bearish situation. The forecast for today;
.
1) If the market opens between 2273 to 2283. Buy after the market has dropped 5 points below the opening level or buy after the market has moved up 5 points above the opening level.
2) If the market opens between 2238 to 2266. Sell after the market has moved up 7 points above the opening level.
3) If the market opens between 2220 to 2233. Sell after the market has moved up 5 points above the opening level or sell after the market has fallen 5 points below the opening level.
4) If the market opens between 2195 to 2215. Sell after the market has fallen 7 points below the opening level.
5) If the market opens between 2288 to 2310. Buy after the market has moved up 7 points above the opening level.
6) If the market opens beside the above, it is your call......I am blank......
7) Please refer to my posting dated 12th January , see # 6
That's about it. If you are not sure.....please refer to your futures dealer. If you are still not sure...then just let it be...
Have a nice trading day...guys and smile.
.
9.45am.
Wednesday, August 19, 2009
Stll Going Down?
The CPO ( Crude Palm Oil) futures for November contract open at 2360 and closed at 2375 yesterday. The highest was at 2390 and the lowest was at 2355. The market ended higher with a white bar. The market open at 10.30 a.m. at 2360 , immediately dropped to 2357 and then moved up to 2380, the highest in the morning session. The market then dropped down again to 2355, the lowest of the day before settling at 2370 before lunch. In the afternoon, the market shot up to 2390, the highest of the day, before finally closed at 2375.
If you look at my forecast yesterday( see #1) and if you decided to buy at 2365 ( with 15 to 20 points stop loss – my posting dated 12th January ; see #6), you definitely would be making profits of between 10 to 15 points if you were to sell before lunch break. If you decided to prolong to after lunch, you would be making another 5 to 10 more points of profits ( see enclosed graph ).
So, that’s about it.
Have a nice trading day, guys..
3-8.05am.
Tuesday, August 18, 2009
CPO : Road To South
It has been a month, that was from 14 July to 13th August, that the CPO futures market has shown an upward movement but on last Friday and yesterday, the market have indicated that it was moving southwards. Will this downwards movement prolong in the next few days? It is hard to say as you can never forecast the market performance even if you have the mean to do so because the market's direction is largely motivated by human factors.Today
In the long run, the market is still bullish and so is the medium term but the very very short term, the market now is bearish. The forecast for today ;
1) If the market opens between 2356 to 2362. Buy after the market has dropped 5 points below the opening or buy after the market has moved up 5 points above the opening point.
2) If the market opens between 2363 to 2370. Buy after the market has moved up passing the levels between 2375 to 2380.
3) If the market opens between 2375 to 2395. Buy after the market has dropped a bit and then moves up 6 points above the opening level.
4) If the market opens between 2335 to 2350. Sell after the market has moved up 8 points above the opening level.
5) If the market opens between 2325 to 2334. Sell after the market has dropped and passed the levels between 2315 to 2320.
6) If the market opens between 2300 to 2320. Sell after the market has moved up a bit and then falls 6 points below the opening level.
7) If the market opens other than the above...it is up to you...anyway it is your money!
8) Please refer to my posting dated 12th January, see #6
As usual, if you are not sure...er..er...mmmm...er... just contact your futures dealer, who else.
P/s.......:-) :-) :-) :-) :-) etc...
Have a nice trading day....
.
3-9.26am
Friday, August 7, 2009
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
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