CPO : Further Up?

The CPO ( Crude Palm Oil ) futures for January's contract open at 2200 and closed at 2197 yesterday. The highest was at 2217 and the lowest was at 2184. The market ended higher but with a black bar. It was the buyers' market yesterday. Since the market yesterday open higher than the forecasted level, so I think it is better for me to go to the next move.

Today's market direction is quite crucial as the market shows the probablity of further up is quite encouraging.

Today

In long run, the market is bullish and so is the very very short run. Anyway, I think, the market's performance would depend on the opening of the market today. The forecast for today; .
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After opening strategy:

1) If the market opens between 2190 to 2206. Buy after the market has gone up and passed the levels between 2211 to 2216. More significant if the market opens more towards the upper part of the 2190-to-2206 levels.
2) If the market opens between 2207 to 2223. Buy after the market has dropped a bit and then moves up 5 points above the opening level.More significant if the market opens more towards the lower part of the 2207-to-2223 levels.
3) If the market opens between 2179 to 2189. Sell after the market has passed down the levels between 2174 to 2179. More significant if the market opens more towards the lower part of the 2179-to2189 levels.

OR ( before 11.40a.m.)

1) If the market opens between 2194 to 2213. Buy after the market has moved up beating the levels between 2215 to 2220 and then dropped to the levels between 2195 to 2201.
2) If the market opens between 2184 to 2210. Sell after the market has passed down the levels between 2178 to 2183 and then moves up to the levels between 2201 to 2206.
3) Also refer to my postings dated 12th January, see #6

If the market opens besides the above, as usual, it is up to you...... it's your money Mike!

If you are not sure.......just contact the PM.......the 1Malaysia guy!


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


P/s. Israel's war criminals will be charged in International Criminal Court in the Hague by UN Security Council?...Hahahahahahahahaha
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9.25a.m.

CPO: Going Up?

For the past few days the market has not shown any big fluctuation except on last Thursday. The market looks as if it is in the sidelines again. In any market, there are 3 main types of phases ; up going, down going and sidelines.

Today

The forecast for today is as follows;

1) If the market opens between 2150 to 2178. Buy after the market has moved up passing the level 2179 and then retraced to the levels between 2155 to 2160.
2) If the market opens between 2179 to 2180. Buy after the market has dropped to the levels between 2155 to 2160, OR;
3) If the market opens between 2148 to 2168. Buy after the market has dropped 7 points from the opening level.
4) If the market opens between 2169 to 2178. Buy after the market has moved up passing the level 2179 and then retraced to the levels between 2155 to 2160.
5) If the market opens between 2138 to 2147. Sell after the market has dropped and passsed the level 2137 and then moves up to the levels between 2155 to 2160.
6) If the market opens other then the above, it is your call....
7) Please refer to my postings dated 12th January 2009, see # 6.

If you are not sure....no idea!

Have a nice trading day, guys!

8.45a.m.

Stop Situation

Sorry everybody and to those who have been following my blog, if there are any, because currently I am facing problems with my laptop computer's hardware as well as with my desk top computer ( is rather an old one ). Normally I am using streamyx connection but at this point of time I have to use the dial-up connection which is quite slow.

I would probably be back after 20th November. So for the time being I would not be able to do any forecasting.

Have a nice trading moment, guys...

Nick Sonny Johan

CBOT Follow CPO Or Vise Versa?

It seemed that the level 2077 has already been broken and the lowest level achieved was at 2028. You should have placed a sell position at that level, should not you? Will this be the lowest level within these few days? Or another lowest level will be broken? Can we rely on the performance of the CBOT or the price of the crude oil? Which is which, the CBOT follows the CPO or Vice versa? Hard to say, guys

Today

So my forecast for today;

1) If the market opens between 2038 to 2049. Buy after the market has moved up passing the level between 2055 to 2059.If the levels between 2059 to 2063 are broken, the market may move further up or at least in the early part of the trading day.
2) If the market opens between 2050 to 2057. Buy after the market has moved up passing the levels between 2062 to 2067.
3) If the market opens between 2063 to 2075. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2037 to 2046. Sell after the market has passed down the levels between 2026 to 2031.
5) If the market opens other than the above, it is your call, Mike.
6) Please refer to my posting dated 12th January, see # 6

As usual, if you are not sure......who cares!!!! ( Sorry, I am only joking, don't take it to heart)

Have a nice trading day, guys

8.30am

CBOT Up Yesterday, CPO Today : Part 3 ?

The CPO ( Crude Palm Oil ) futures for December contract open at 2125 and closed at 2115 yesterday. The highest was at 2130 and the lowest was at 2112. The market ended higher even though it was a black bar. Yesterday was also a buyer's market. The market is still in the sideways range.

If you look at my forecast yesterday, the market open at 2125 ( see #3) and immediately it climbed up to 2130 , the highest of the day, and it then started to retrace slowly to finally close at 2115. Again, nothing happen , again, yesterday!

Today

The CBOT market for soybean oil has been moving encouragingly upwards for the past 3 days and yet the same situation did not materialise back here in Malaysia, so I would rather prefer not to enter the market at this point of time. I presume, unless the levels either at 2077 or 2192 are broken, I would just rather wait as the picture shown above.

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Those who decide to enter the market today - Have a nice trading day, guys...

8.25am

CBOT UP Yesterday, CPO Today : Part 2 ?

The CPO ( crude Palm Oil ) futures for December contract open at 2115 and closed at 2103 yesterday. The highest was at 2121 and the lowest was at 2096. The market ended lower with a black bar and it was buyers' market. As for my forecast, the market open not within the forecasted points yesterday, so just let it be! Don't worry, be happy!
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Today

It seems that the market is still in the sideways situation. A big movement and direction would occur if the levels 2077 or 2192 are broken. The forecast for today ;

1) If the market opens between 2103 to 2114. Buy after the market has moved up passing the levels between 2120 to 2125. If the market manages to beat up the levels between 2133 to 2138, the market may go further up.
2) If the market opens between 2101 to 2113. Sell after the market has retraced and passed down the levels between 2090 to 2095.
3) If the market opens between 2120 to 2125. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2065 to 2077. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) If the market opens besides the above, I think you know what you are going to do next.
6) Please refer to my posting dated 12th January, see #6.

If you are not sure....then please be very sure...

Have a nice trading day , Mike...........cheers

8.50am

CBOT Up Yesterday, CPO Today?

The CPO ( Crude Palm Oil) futures for December contract ended up slightly higher yesterday. Anyway the market ended up a black bar.

Today

In long term the market is still bearish but the very short term, the market is slightly bullish. My forecast for today's market is as follows ;

1) If the market opens between 2093 to 2102. Sell after the market has retraced and passed down the levels between 2083 to 2088.
2) If the market opens between 2104 to 2114. Sell after the market has passed down the levels between 2093 to 2098 or buy if the market moves up passing the levels between 2110 to 2115.
3) If the market opens between 2116 to 2127. Buy after the market has moved up and passed the levels between 2132 to 2137.
4) If the market opens between 2132 to 2145. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
5) If the market opens other than the above, it is up to you, guys....
6) Also refer to my posting dated 12th January , see # 6.

As usual, if you are not sure, just consult your dealer but never your son, he is more interested in the h/phone rather than anything.

Have a nice trading day, guys.....cheers.

P/s The picture above looks familiar just like a passport picture of someone that you know !

8.55am