CPO: Happy New Year ( 2010)

The CPO ( Crude Palm Oil) futures for March contract open at 2590 and closed at 2595. The highest was at 2609 and the lowest was at 2582. The market ended higher with a black bar.
The market open at 2590 and fell to 2582 at about 10.33 a.m., moved up to 2597 and closed at 2590 before lunch. In the afternoon, the market open at 2588, shot up to 2609, the highest of the day,and then started to fall down and finally closed at 2595.

If you look at my forecast yesterday, see #2, you would have had 2 choices here;
1) Had you decided to place a sell position at 2580 or 2581, you would have not lost any money
2) Had you decided to place a sell position between 2582 to 2585 with a stop loss of between 15 to 20 points ( see #6, my posting dated 12th January) , you would definitely have ended up losing your money either you closed your position before or after lunch.
Yesterday, I did a que at 2580 for a sell position and luckily it did not trigger at that point ( Do you think that you would believe me?)

Today

Since today is the last day of the year and the expectation of the market would be in a slow range, I reserve to do any forecasting today.


To all the traders....HAPPY NEW YEAR , EVERYBODY...( and you are getting older...)

8.45AM

CPO : Coming Down ?

The year for 2009 is just around the corner, normally the CPO futures market is expected to move in a slow and less violent manner. Anyway in some markets, the market's movement does not show much different in its volatility.

Today

In brief, the forecast for today;

1) If the market opens between 2610 to 2621. Sell after the market has moved up beating the level 2630.
2) if the market opens between 2587 to 2597. Sell after the market has retraced passing down the levels between 2580 to 2585.
3) If the market opens between 2570 to 2582. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens between 2598 to 2609. Sell after the market has moved up 6 points above the opening level.
5) If the market opens other than the above..it simply is your call
6) Also refer to my postings dated 12th January, see #6

That's about all.

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

9.30am

CPO : Getting South?

The CPO ( Crude Palm Oil) futures for March market open at 2547 and closed at 2525 yesterday. The highest was at 2550 and the lowest was at 2514. The market ended lower with a black bar.

If you look at my forecast yesterday, see #1, the market open at 2547 and immediately fell to 2535 and at about 10.31a.m., the market jumped up to the highest of the day at 2550 at about 11.00am. The market then fell to 2539 before lunch. The market open at 2531, after lunch, and kept falling down to finally settle at 2515 at 6.00p.m.
.
The fall, after the opening hour, was pretty fast and you had 2 choices here;
1)Either to wait for the market to fall around 2525 ( que up here )before entering the market or
2)To enter at 2537.If you decided to enter at 2525, then no position would have been taken in but if you decided to enter at 2537, you would be making some small profits of maximum 12 points.

As for today, no forecast.

That's about it guys.


Have a nice trading day.

8.40a.m.

CPO: Next Move 2

Last Thursday, the CPO ( crude Palm Oil ) futures market did not open within one of the forecasted suggestions. The day after that ( Friday) was a public holiday in Malaysia. You guess what? Malaysia is one of the countries in the world which has a lot of public holidays. This coming Friday and next Friday will also be public holidays. Well, all over the world this time, not only in Malaysia.

Today

The market fell 65 points yesterday and according to some analysts, the market may fall today. Will that be so this time? The forecast for today;

1) If the market opens between 2543 to 2555. Buy after the market has retraced to the levels between 2525 to 2537.
2) If the market opens between 2556 to 2575. Buy after the market has dropped 10 to 18 points from the opening level.
3) If the market opens between 2580 to 2595.Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
4) If the market opens between 2525 to 2538. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) As usual, if the market opens besides the above, it is your call
6) Also refer to my posting dated 12th January , see#6

As usual again, if you are not sure.......just..just go out and find another wife..

That's about all.

Have a nice trading day..guys

P/S In 1973, about 90% of the European agreed to the Israel's annexation of Pelastine's land . Today about 67% of the European beleive that annexation of Israel to the Pelastinian's land is wrong!

8.30am

CPO: Next Move

I did not make any comment regarding my forecast on last Monday dated 14th December because the market open not within one of the forecasted levels and also to a few reasons of my own.
At the current situation, the market looks like it is going further up but will the market be so?

Today

My forecast for today is as follows;

1) If the market opens between 2580 to 2596. Sell after the market has moved up passing the levels between 2600 to 2610.
2) If the market opens between 2578 to 2585. Sell after the market has dropped passing the levels between 2568 to 2573.
3) If the market opens between 2563 to 2573. 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..who else?
5) Also refer to my postings dated 12th January, see #6


That's about all, guys....

Have a nice trading day...

P/s Tomorrow is a public holiday in Malaysia for Maal Hijrah

9.05am

CPO: Short Reversal?

Last Thursday, the market did not open according to what had been forecasted in the morning and further more, due to some reasons, I was also not available to give any forecasting on Last Friday, partly due to I was a little bit of overslept.

Today

The forecast for today is as follows;

1) If the market opens between 2526 to 2535. Sell after the market has moved up 10 to 15 points above the 2535.
2) If the market opens between 2515 to 2525. Buy after the market has dropped 5 points after opening.
3) If the market opens between 2490 to 2500. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens other then the above, it is your call
5) Also refer to my posting dated 12th January, see #6


That's all

Have a nice trading day, guys....

7.36am

CPO : Will Slide Further?

The CPO ( Crude Palm Oil) futures for February contract open at 2526 and closed at 2526 yesterday. The highest was at 2542 and the lowest was 2502. The market ended lower with an unchanged bar.
The market open far below than the forecasted levels, so I guess no comment on this matter.

Today

The forecast for today;

1) If the market opens between 2502 to 2512.Sell after the market has retraced passing down the levels between 2492 to 2497.
2) If the market opens between 2513 to 2520. Sell after the market has moved up 15points above the opening level.
3) If the market opens between 2487 to 2497. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) Also refer to my posting dated 12th January ( see #6)

That's about it, if you are not sure....just contact whoever you feel like to.

Have a nice trading day guys....

9.07am