CPO : Wednesday

Recently, I read a few articles on futures investment regarding the price factor. Most of the articles indicated that the rise in the price of the futures were the result of the increase in the buyers in the market. In fact, there are a few factors which indicate the increase in the price ;
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1)More buyers in the market than the sellers,
2)More sellers than the buyers,
3)Buyers and/or sellers accumulating the futures and
4)Buyer or/and sellers disposing the futures.

How come ? You may ask or may be you are in the dark. I may explain later ( not in this posting ). So, it is very important for you to determine which factors indicate the rise in the price of the futures before making the decision to enter or exit the market.

Today

The forecast for today's market direction is as follows;

1) If the market opens between 2580 to 2590. Sell after the market has moved up passing the levels between 2600 to 2610
2) If the market opens between 2550 to 2564. Buy after the market has moved up passing the levels between 2570 to 2575 or sell after the market has retraced passing down the levels between 2539 to 2544.
3) If the market opens between 2566 to 2579. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2591 to 2600. Sell after the market has moved up 8 to 18 points above the opening level.
5) If the market opens higher than 2620, the market may go further up
6) If the market opens other than the above, it is up to you....
7) Also refer to my postings dated 12 January, see #6


That's about it, guys...

Have a nice trading day....

9.05am

CPO : Ends Higher

The CPO ( Crude Palm Oil ) futures for February contract open at 2474 and closed at 2495 yesterday. The highest was at 2498 and the lowest was at 2445. The market ended higher with a white bar.

If you look at my forecast yesterday, see # 1, and had put a sell, say at 2455 ( anyway, if you were uncertain, you could place the sell position at 2453), you would have been able to make a maximum profits of 10 points provided if you decided to liquidate your position before lunch. If you decided to prolong to after lunch, you would definitely have your finger burt! If you look again , the market open at the highest level of the 2464-to-2474 levels and in fact it was quite risky to enter the market, further more the entrance at 2455 ( or 2453 ) was a little bit late as far as this strategy ( after opening strategy ) is concerned ( see # 6, my posting dated 12th January). Well, sometimes you have to take the risk, guys! No risks no gain!

That's about it.

Have a nice trading day, guys....

8.42am

CPO : Renewed Upwards Momentum?

The CPO ( Crude Palm Oil ) futures for February contract open at 2470 and closed at 2472 yesterday. The highest was at 2484 and the lowest was at 2452. The market ended lower with a white bar.

The market open at 2470, see #2 on yesterday's forecast, fell to 2452, the lowest of the day, and then moved up to the highest at 2484 before settling at 2472 at 6.00p.m.

Yesterday, I have my finger burt because I put a sell at 2455 at about 11.50a.m. and had to lidiqute at 2475 in the afternoon. A loss of 20 points! Well, that was it, you can't win all the time!!

Today

My forecast for today;

1) If the market opens between 2464 to 2474. Sell after the market has dropped passing down the levels between 2453 to 2458. It would be significant if the market opens more towards the lower part of the 2464-to-2474 levels.

2) If the market opens between 2457 to 2463. Sell after the market has moved up a bit and then falls passing the levels between 2453 to 2458.

3) If the market opens between 2442 to 2457. Sell after the market has moved up a bit and then falls 5 points below the opening level.

4) Also refer to my postings dated 12th January , see #6

That's about it.

P/s. Nowadays if you are talking about p/s, the kids on the next block would mean it as play station....

Have a nice trading day, guys....

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8.40am

CPO : Southwards This Time?

The CPO (Crude Palm Oil) futures for February contract open at 2512 and closed at 2482 last Thursday ( Friday was a public holiday in Malaysia). The highest was at 2521 and the lowest was at 2460. The market ended a little bit higher with a long black bar engulfing the previous bar.

If you refer to my last forecast , see #2, you would probably have had two choices here;
1) Had you placed a buy position at exactly 2019, 2020 or 2121, then you would have your fingers burt.
2) Had you decided to place a buy position at 2025 and above, you would probably have been considered as being safe. If you refer to my previous postings ( I do not know where the postings are, anyway), then you would be able to place a position which can be considered as a "safe" position.

Today

Does The Dubai Shock which has "shocked" the world may have an effect on today's market? Chartly wise, in the long run, the market is still bullish but the very short term, the market now is bearish. The forecast for today;

1) If the market opens between 2471 to 2481. Sell after the market has gone up 5 points above the opening level.
2) If the market opens between 2460 to 2470. Sell after the market has retraced passing down the levels between 2450 to 2455.
3) If the market opens between 2439 to 2459. Sell after the market has moved up a bit and then falls 5 points below the opening level.

That's about all.

Have a nice trading day guys....

8.58am

CPO Futures End Higher

The CPO ( Crude Palm Oil ) futures for February contract ended higher yesterday due to higher expected export. This is also due to the rebound in the crude oil prices. So, how about today's market direction?

Today

In long run, the market is still bullish, so is the very short run. My forecast for today;

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1) If the market opens between 2479 to 2492;

1.1 Buy after the market has moved up passing the levels between 2494 to 2500.

1.2 Sell after the market has retraced passing down the levels between 2473 to 2478.

2) If the market opens between 2505 to 2518. Buy after the market has passed up the levels between 2519 to 2425.

3) If the market opens between 2460 to 2470. Sell after the market has moved up a bit and then falls 5 points below the opening level.

4) If the market opens other than the above, it is your call, guys...what I mean is that it is up to you. It does mean you have to call someone else.....( yak...do you think it's funny?)

5) Also refer to my postings dated 12th January, see # 6.

As usual, if you are not sure....just contact your...

P/s I was admitted to a specialist hospital on last Monday and had undergone a minor operation and was discharged yesterday. The cost was about 300 points guys!..so I got to recover back, don't you think so?

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To the Muslims "Selamat Hari Raya 'Aidiladha" (Eid Mubarak)

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10.02am

CPO : Down

The CPO ( Crude Palm oil ) futures for January contract open at 2251 and closed at 2245 yesterday. The highest was at 2277 and the lowest was at 2240. The market closed higher but with a black bar.

The market open at 2251 and immediately fell to 2240, the lowest of the day, and shot up to 2272 before resting at 2260 before lunch. In the afternoon, the market moved further up to the highest of the day at 2277 before retracing to finally settle at 2245.

If you refer to my forecast yesterday, see #2, and had placed a buy position between 2256 to 2261, you would have probably been able to make about 10 to 15 points of profits before lunch. Had you decided to prolong your position, you could have been able to make another 5 to 7 more points of profits.

That's about it for today!

Have a nice trading day, guys....

8.50am

CPO: Runnging Out Luck Again?

The CPO ( Crude Palm Oil ) futures for January contract open at 2251 and closed at 2234 yesterday. The highest was at 2285 and the lowest was at 2225. The market ended lower with a black bar. It was sellers' market with an extra accumulation to that of the day before.
The market open within one of the suggested points but did not move accordingly. It has been a week and no "action" was recorded.

Today

The forecast for today are as follows ;
1) If the market opens between 2233 to 2244. Sell after the market has moved down passing the levels between 2223 to 2228. If the market manages to break down the levels between 2216 to 2221, the m arket may fall further down.
2) If the market opens between 2245 to 2251. Buy after the market has moved up beating the levels between 2256 to 2261.
3) If the market opens between 2220 to 2232. Sell after the market has moved up a bit and then falls 5 points below the opening level.

OR ( before 11.40a.m. )

4) If the market opens between 2225 to 2240. Sell after the market has broken down the level 2224 and then moves up to the levels between 2235 to 2240.
5) If the market opens between 2214 to 2224. Sell after the market has moved up to the levels between 2235 to 2240.
6) If the market opens other than the above, it is up to you, how do I know?
7) Also refer to my postings dated 12th January, see #6

If you are uncertain, just give a call to your futures dealer........not your mother.

Have a nice trading day, guys....

P/s Actually it is much easier to forecast the market while the market is in action rather than to forecast before it opens. If you can't make it, don't be like a sad dog...

9.55am