The CPO ( Crude Palm Oil) futures for April contract opens at 2478 and closed at 2498 yesterday. The highest was at 2505 and the lowest was at 2475. The market ended higher with a white bar.
The market, in fact, open far too high from any of the suggested forecasts yesterday, so what can I say ? I think the statement made by one of the top gun ,the day before, from IOI probably might have helped the CPO's futures prices to end up higher. Besides than that, I think it was more of a speculative measures.
Today
1) If the market opens between 2495 to 2505. Sell after the market has gone up between 5 to 13 points from 2505 .
2) If the market opens between 2506 to 2516. Sell after the market has gone up 5 to 10 points from the opening level.
3) If the market opens between 2482 to 2494. Sell after the market has gone up 10 to 17 points from the opening level.
4) If the market opens between 2482 to 2490. Sell after the market has retraced passing down the levels between 2472 to 2477.
5) If the market opens between 2472 to 2477. Sell after the market has gone up a bit and then falls 5 points below the opening level.
6) As usual, if the market opens other than the above, it is your call.
7) Also refer to my posting dated 11th January, see #6
If you are not sure, just contact your futures dealer....who else?
Have a nice trading day, guys....
8.21am
Thursday, February 4, 2010
Wednesday, February 3, 2010
Consolidtion Phase?
The market is said to be in the consolidation phase and is expected to trade side way. Do you think so? Never mind with what you are thinking, the most important here is that where the market is about to open?
Today
The forecast for today;
1) If the market opens between 2442 to 2452. Buy after the market has moved up passing the levels between 2457 to 2462.
2) If the market opens between 2436 to 2446. Sell after the market has fallen passing down the levels between 2426 to 2431.
3) If the market opens between 2416 to 2426. Sell after the market has moved up 10 to 15 points above the opening level.
4) If the market opens other than the above, it is your call.......
5) Also refer to my psoting dated 11th January, see # 6
If you are not sure....just stay away
Have a nice trading day guys
9.43am
Tuesday, January 26, 2010
Next Action
The CPO ( Crude Palm Oil ) for April contract open at 2464 and closed at 2469 yesterday. The highest was at 2488 and the lowest was at 2460. The market ended higher with a white bar.
After opening at 2464, the market moved up to 2488, the highest of the day, dropped a bit and lingered between 2475 to 2480 before closing at 2479 before lunch. In the afternoon, the market open at 2479 and kept falling down untill to the lowest of the day at 2460 before rebound back to finally close at 2469.
If you look at my forecast yesterday, see #3, and had you placed a sell position at 2474 ( see enclosed graph ) with the stop loss of between 15 to 20 points ( refer to my posting dated 11th January, see #6), you would have been able to make profits of between 9 to 14 points.
That's about all guys.
Have a nice trading day
8.00am
Monday, January 25, 2010
New Dimension
The CPO ( Crude Palm Oil) futures for April contract open at 2466 and closed at 2455 last Friday. The highest was at 2483 and the lowest was at 2447. The market ended lower with a black bar.
The market open at 2466, dropped to 2447, the lowest of the day, and then moved up to 2463 before closing for lunch at 2454. In the afternoon, the market open higher at 2476, moved further up to 2483 and finally close at 2455.
If you look at my forecast yesterday, see #2, and had placed a sell position between 2446 to 2451, there was no way for you to make any profits because the market kept moving upwards, after placing the sell position, especially after lunch.Well, you can't win them all.
Today
My forecast for today are as follows;
1) If the market opens between 2480 to 2490. Buy after the market has moved up passing the levels between 2495 to 2500. More significant if the market opens more towards the upper end of the 2480-to-2490 levels.
2)If the market opens between 2440 to 2450. Sell after the market has retraced passing down the levels between 2430 to 2435.More significant if the market opens more towards the lower end of the 2440-to-2450.
3) If the market opens between 2455 to 2479. Sell after the market has moved up 10 points above the opening level.
4) If the market opens other than the above, it is your call....I don't know...
5) Also refer to my psting dated 11th January, see # 6
That's about it.
Have anice trading day guys...
8.47am
The market open at 2466, dropped to 2447, the lowest of the day, and then moved up to 2463 before closing for lunch at 2454. In the afternoon, the market open higher at 2476, moved further up to 2483 and finally close at 2455.
If you look at my forecast yesterday, see #2, and had placed a sell position between 2446 to 2451, there was no way for you to make any profits because the market kept moving upwards, after placing the sell position, especially after lunch.Well, you can't win them all.
Today
My forecast for today are as follows;
1) If the market opens between 2480 to 2490. Buy after the market has moved up passing the levels between 2495 to 2500. More significant if the market opens more towards the upper end of the 2480-to-2490 levels.
2)If the market opens between 2440 to 2450. Sell after the market has retraced passing down the levels between 2430 to 2435.More significant if the market opens more towards the lower end of the 2440-to-2450.
3) If the market opens between 2455 to 2479. Sell after the market has moved up 10 points above the opening level.
4) If the market opens other than the above, it is your call....I don't know...
5) Also refer to my psting dated 11th January, see # 6
That's about it.
Have anice trading day guys...
8.47am
Friday, January 22, 2010
CPO : Where To Now?
Last Wednesday, the CPO ( crude Palm Oil ) futures for April contract open way down low and far from the suggested forecasts. As usual, no comment on the matter.
Today
The forecast for today are as follows;
1) If the market opens between 2480 to 2490. Sell after the market has moved up passing the levels between 2500 to 2507.
2) If the market opens between 2456 to 2466. Sell after the market has retraced passing down the levels between 2446 to 2451.
3) If the market opens between 2441 to 2451. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens between 2467 to 2479. Sell after the market has moved up between 10 to 18 points from the opening level.
5) If the market opens between 2495 to 2505. Sell after the market has moved up 7 to 16 points above the opening level.
6) If the market opens other than the above, it is your call , guys.
7) Also refer to my posting dated 11th January, see #6
That's about it.
Have a nice trading day...
8.10am
Today
The forecast for today are as follows;
1) If the market opens between 2480 to 2490. Sell after the market has moved up passing the levels between 2500 to 2507.
2) If the market opens between 2456 to 2466. Sell after the market has retraced passing down the levels between 2446 to 2451.
3) If the market opens between 2441 to 2451. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens between 2467 to 2479. Sell after the market has moved up between 10 to 18 points from the opening level.
5) If the market opens between 2495 to 2505. Sell after the market has moved up 7 to 16 points above the opening level.
6) If the market opens other than the above, it is your call , guys.
7) Also refer to my posting dated 11th January, see #6
That's about it.
Have a nice trading day...
8.10am
Wednesday, January 20, 2010
CPO : Further Up?
The CPO ( crude Palm Oil ) futures for April contract open at 2509 and closed at 2490 yesterday. The highest was at 2512 and the lowest was at 2475. The market ended unchanged with a black bar.
The market did not open within the forecasted levels , so let's move to today's forecast.
Today
1) If the market opens between 2483 to 2495. Buy after the market has moved up passing the levels between 2500 to 2505. More significant if the market opens more towards the upper level of the 2483-to-2495.
2) If the market opens between 2496 to 2509. Buy after the market has fallen a bit and then moves up passing 5 points above the opening level.
3) If the market opens between 2488 to 2500. Sell after the market has retraced passing down the levels between 2478 to 2483. If you see any profits, just lock up them up.
4) If the market opens between 2514 to 2525. Buy after the market has fallen a bit and then moves up passing 5 points above the opening level.
5) If the market opens between 2468 to 2478. Sell after the market has moved up a bit and then falls 5 points below the opening level.
6) If the market opens other than the above....it is your call
7) Also refer to my posting dated 11th January, see #6
If you are not sure...just contact whoever you feel like contacting but not the politicians ( either from Barisan National or from Pakatan Rakyat )
Have a nice trading day guys....
8.39am
The market did not open within the forecasted levels , so let's move to today's forecast.
Today
1) If the market opens between 2483 to 2495. Buy after the market has moved up passing the levels between 2500 to 2505. More significant if the market opens more towards the upper level of the 2483-to-2495.
2) If the market opens between 2496 to 2509. Buy after the market has fallen a bit and then moves up passing 5 points above the opening level.
3) If the market opens between 2488 to 2500. Sell after the market has retraced passing down the levels between 2478 to 2483. If you see any profits, just lock up them up.
4) If the market opens between 2514 to 2525. Buy after the market has fallen a bit and then moves up passing 5 points above the opening level.
5) If the market opens between 2468 to 2478. Sell after the market has moved up a bit and then falls 5 points below the opening level.
6) If the market opens other than the above....it is your call
7) Also refer to my posting dated 11th January, see #6
If you are not sure...just contact whoever you feel like contacting but not the politicians ( either from Barisan National or from Pakatan Rakyat )
Have a nice trading day guys....
8.39am
Tuesday, January 19, 2010
CPO : Next Move
Last Monday ( 11th January 2010), the market did not open within the suggested forecast, so I have no comment on the matter.
The market has been in the lower range since the last few days and the expectation for the market to go up is quite bright now. Anyway will the market be so?
Today
My forecast for today;
1) If the market opens between 2480 to 2495. Sell after the market has gone up passing the levels between 2500 to 2510. More significant if the market opens more towards the upper end of the 2480 to 2495 levels.
2) If the market opens between 2453 to 2465. Sell after the market has retraced passing down the levels between 2443 to 2448.More significant if the market opens more towards the lower end of the 2453 to 2466 levels.
3) If the market opens between 2466 to 2479. Buy after the market has dropped a bit and then moves up 5 points above the opening level or buy after the market has gone up 7 points above the opening level.
4)If the market opens between 2495 to 2505. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
5) If the market opens besides the above, it is your call.
6) Also refer to my posting dated 11th January 2010, see #6.
To be more certain, just contact your dealer in case if you are 'uncertain'.
Have a nice trading day, guys.....
8.10am
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