CPO Upwards Now?

For the past two days, the CPO futures for January contract has shown an upwards movement and has managed to beat up the 2000 points level but can this level be able to be sustained?

Today

In long run, the market is stll bearish but the very short term, the market is a little bit bullish. The forecast for today;

1) If the market opens between 2176 to 2197. Buy after the market has dropped 5 points below the opening level. Make sure this 5 points down do not beat down the level 2176. More significant if the market opens more towards the upper level of the levels 2176-to-2197.

2) If the market opens between 2165 to 2175. Sell after the market has fallen passing down the levels between 2155 to 2160.

3) If the market opens between 2150 to 2160. Sell after the market has moved up a bit and then falls 5 points below the opening level.

OR ( Best before 11.40am)

4) If the market opens between 2165 to 2195. Sell after the market manages to break down the level 2164 and then moves up again to 2188 to 2193.

5) If the market opens between 2155 to 2164. Sell after the market has moved up to the levels between 2188 to 2193.

Have a nice trading day, guys....

9.10am

CPO : Still Moving South?

The CPO ( Crude Palm Oil ) futures for January contract open at 2235 and closed at 2218 yesterday. The highest was at 2235 and the lowest was at 2205. The market ended lower with a black bar.

The market open at 2235 ( see the graph enclosed ) and immediately dropped down passing the levels between 2217 to 2222 that was at 2220. Anyway the market stablised at 2220 to 2224 for a while before moving up to settle at 2225 before lunch.

The market open at 2229 in the afternoon, shot up a bit and then fell down to the lowest of the day at 2205 and finally closed at 2218. If you look at my forecast yesterday, see #1, and had placed a sell position between 2217 to 2220, you could have been able to make profits of between 10 to 15 points if you decided to dispose the position in the afternoon ( Well, I think you had no choice here because if you were to dispose before lunch, you could have ended up poorer by a few points )



That's about it, Mike.


Have a nice trading day everybody

8.30am

CPO Direction Today

Last Thursday, the market open at 2203 which was far above the forecasted levels, so will today's market opening will show almost the same scenario? If you look at last Friday's performance on Soy Bean Oil futures ( CBOT market), the market has shown sign of retracement. Will this retracement have an impact on Malaysia CPO's market? Hard to say right? Unless if you have some kind of psychic power, off course. If you do, you could have been a millionaire by this time, don't you think so?

Today

After opening strategy

1) If the market opens between 2227 to 2237. Sell after the market has dropped to pass down the levels between 2217 to 2222. If the market manages to pass down the levels between 2200 to 2204, the market may fall further down.

2) If the market opens between 2238 to 2247. Buy after the market has moved up passing the levels between 2248 to 2253. Be careful here as the market may fall back in due time.

3) If the market opens between 2215 to 2226. Sell after the market has moved up a bit and then falls 5 points below the opening level.

OR ( before 11.40 a.m )

4) If the market opens between 2227 to 2247.

4.1 Buy after the market has moved up beating the levels between 2248 to 2252 and then drops to the levels between 2234 to 2240.

4.2 Sell after the market has dropped passing down the levels between 2221 to 2226 and then moves up to the levels between 2234 to 2240.

5) If the market opens between 2248 to 2260. Buy after the market has fallen to the levels between 2234 to 224o.

6) If the market opens between 2213 to 2226. Sell after the market has moved up to the levels between 2234 to 2240.

7) As usual, if the market opens other than the above, it is your call....

8) Also refer to my posting dated 12th January , see #6

If uncertain, just contact your dealer, who else? Your uncle?

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

P/s Cross your fingers this time, Mike....

8.30am

Soy Bean Up

The CPO ( Crude Palm Oil) for January futures open at 2165 and closed at 2168. The highest was at 2175 and the lowest was at 2154. The market ended lower with a white bar and it was buyers' market ( which means that the market was dominated by sellers ).

The market open within the suggested forecast but did not move according to the forecasted direction. Yesterday market's movement was in a closed range and nothing much could be expected then.

Today

My forecast for today ( hopefully the market is not in a closed range like yesterday );

After Opening Strategy

1) If the market opens between 2165 to 2175 . Buy after the market has moved up passing the levels between 2180 to 2185.
2) If the market opens between 2154 to 2164. Sell after the market has passed down the levels between 2145 to 2150.
3) If the market opens between 2176 to 2185. Buy after the market has fallen a bit and then moves up 5 points above the opening level.
\4) If the market opens between 2145 to 2153. Sell after the market has moved up a bit and then falls 5 points below the opening level

OR ( Before 11.40 a.m.)

5) If the market opens between 2154 to 2175;
5.1 Buy after the market has moved up passing the levels between 2176 to 2180 and then falls to the levels between 2160 to 2165.
5.2 Sell after the market has fallen down passing the levels between 2148 to 2153 and then moves up to the level between 2160 to 2165.
6) If the market opens other than the above.... blah....blah...........
7) Also refer to my posting dated 12th January....blah...blah.....


Have a nice trading day, guys....blah...blah....( I have no mood and feel dull today... I don't know why.....but do you think you know ???? ... blah..blah...blah)


P/s Blah....blah.....blah.....blah......etc...

8.50am

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; .
.
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
.
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