Disposal

The market on 1st of April open within one of the suggested forecasts but the movement or the direction did not move accordingly.

If you look at the market last week, there were signs that the market may go further up but if you look at the last Friday's performance, the market gave a sign that the open interest has decreased quite subtantially. It indicates that the market may be in the position of falling down. The question; which is which now?
If you ask me, I would say I don't know. It may depend on where the market will open today.

Today

1) If the market opens between 2564 to 2569. Buy after the market has moved up passing the levels between 2574 to 2579.
2) If the market opens between 2550 to 2556. Sell after the market has decreased passing down the levels between 2540 to 2545.
3) If the market opens between 2536 to 2545. Sell after the market has moved up a bit and then falls 5 points below the opening level. If the market manages to pass the levels between 2530 to 2535, the market may fall furthur down.
4) If the market opens other than the above, it is your call...
5) Also refer to my posting dated 11th January, see #6

That's about it.


Have a nice trading day, guys...


8.20am

Still Sideline?

The market has already breached down the level 2520 but it seemed that the downward movement was only temporary. Instead the market bounced back to end higher after breaching the level 2560 yesterday. The big question here ; Is the market still in the sidelines phase ?

If you look at my forecast on last Friday dated 26th March and had placed a sell position at the suggested forecast, there was no way for you to make money. In any way, you must have ended losing your money.

Today

The forecast;

1) If the market opens between 2536 to 2542. Sell after the market has dropped passing down the levels between 2525 to 2530.
2) If the market opens between 2515 to 2524. Sell after the market has moved up a bit and then falls 5 points below the opening level.
3) If the market opens between 2555 to 2561. Buy after the market has moved up passing the levels between 2567 to 2571.
4) If the market opens other than the above, it is your call.
5) Also refer to my posting dated 11th January, see #6.


Have a nice trading day, guys....

9.13am

Stuck?

The CPO ( Crude Pal Oil ) futures for Jun contract open at 2556 and closed at 2575 yesterday. The highest was at 2579 and the lowest was at 2551. The market ended higher with a white bar and was sellers' market.

Based on my forecast yesterday, the market open within one of the suggested forecasts but the movement of the market was on different direction.

The market, currently, is in the state of 'stucking'( sidelines) between the levels 2520 to 2610. If either one of these levels are breached, a new direction is expected to be experienced ( see enclosed graph ).

Today

My forecast;

1) If the market opens between 2561 to 2568. Sell after the market has retaraced passing down the levels between 2550 to 2555. More significant if the market opens more towards the lower level of the 2561-to-2568 levels.
2) If the market opens between 2551 to 2560. Sell after the market has fallen passing the levels between 2540 to 2545.
3) If the market opens between 2533 to 2545. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens between 2605 to 2615. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
5) If the market opens between 2570 to 2584. I don't know but I think the market may end a black bar today or at least in either session ( black bar in the morning session or black bar in the afternoon or black bars in both morning and afternoon sessions)
6) If the market opens other then the above....
7) Also refer to my posting dated 11th January, see #6

If you are not sure...blahblahblahblah...


Have a nice trading day, guys...


9.06am

Still Hot

The CPO ( Crude Palm Oil ) futures for Jun contract open at 2585 and closed at 2560 yesterday. The highest was at 2595 and the lowest was at 2549. The market ended lower with a black bar.

The wheather in Kuala Lumpur is still hot with the rain that sometimes falls not on regular basis.The water level in some of the catchment areas in the Kinta Valley are reported to have experienced the fall in its normal height.

Yesterday, the market open but not within any of the suggested forecasts.

Today

The forecast ;
1) If the market opens between 2549 to 2556. Sell after the market has dropped passing down the levels between 2539 to 2544. If the market manages to fall below 2523, the market may fall further down.
2) If the market opens between 2535 to 2544. Sell after the market has moved up a bit and than falls 5 points below the opening level.
3) If the market opens between 2570 to 2580. Buy after the market has moved up passing the levels between 2585 to 2590. Make sure your stop loss is about 25 points this time.
3) If the market opens between 2590 to 2600. Buy after the market has moved up passing the levels between 2605 to 2610.
4) If the market opens between 2605 to 2613. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
5) Other than the above, it,s your call
6) Also refer to my posting dated 11th January, see #6

As usual, if not sure....don't do anything...or do something...


Have a nice trading day, guys...

9.13am

Next Move

The CPO ( Crude Palm Oil) futures for Jun contract open at 2589 and closed at 2591. The highest was at 2597 and the lowest was at 2571. The market ended higher with a white bar.

After the opening at 2589, the market immediately dropped to 2581 and bounced back to 2597, the highest of the day. At about 10.40a.m., the market started to retrace to 2576 before closing at 2582 for lunch break. In the afternoon, the market open at 2582, immediately dropped to 2571, bounced back and started to climb to 2597 before finally settled at 2591.

If you look at my forecast yesterday,see #4, and had placed a buy position here, say at 2594 , you would have definitely ended up losing your money even if your stop loss was 20 points below the buy position. Well, you can't win the all!

Today

My forecast for today;

If the market opens;
1.1) Between 2573 to 2584. Sell after the market has retraced passing down the levels between 2562 to 2567.
1.2) Between 2590 to 2600. Buy after the market has moved passing up the levels between 2605 to 2610.
1.3) Between 2605 to 2617. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
1.4) Between 2556 to 2567. Sell after the market has moved up abit and then falls 5 points below the opening level.
1.5) Other than the above. It is up to you.....

2)Also refer to my posting dated 11th January, see #6.

If you are not sure, just contact your...whoever...


Have a nice trading day, Mike


8.57am

Where's Next

Lately, every where you go within Malaysia, especially if you go for a vacation, people are talking about the current hot climatic situation. Even if your house is equipped with the air conditioned gadgets, the hotness is still felt greatly. If you are to go for a vacation, the best place to retreat is the beach or the cooler highland areas. Will this 'normal' phenomena which is currently facing the country have an effect on the oil palm production? I don't know, may be.

Today

The forecast:

1) If the market opens between 2570 to 2579. Buy after the market has moved up passing the level 2585. More significant if the market opens more towards the upper level of the 2570-to-2579 levels.
2) If the market opens between 2566 to 2576. Sell after the market has retraced passing down the level 2561. More significant if the market opens more towards the lower level of the 2566-to-2576 levels.
3) If the market opens between 2551 to 2561. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens between 2588 to 2594. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level. More significant if the market opens more towards the lower level of the 2588-to-2594 levels.
5) If the market opens other than the above....it is your call..who else?
6) Also refer to my posting dated 11th January, see #6.

Any way, if you are uncertain....just call your dealer...I have no part of it.


Have a nice trading day guys...

P/S Hai MJ

9.30am

Another Correction?

Yesterday the CPO ( Crude Palm Oil) futures for May contract open at 2670 and closed at 2685. The highest was at 2719 and the lowest was at 2654. The market ended higher with a white bar.

The market open at 2670 at 10.30a.m. and immediately moved up to 2679. From 10.32a.m. to 10.35a.m., the market linggered between 2673 to 2689 ( highest of the morning session).The market then dropped to 2654, the lowest of the day, before closing at 2660 for lunch break. In the afternoon, the market open at 2666, retraced a bit and bounced up to finally settle at 2685.

If you look at my forecast yesterday, see #2, and were able to place a sell position, say at 2681, you would have been able to make a maximum profits of 25 points if you decided to close the position before lunch. If you decided to prolong to after lunch, your profits could have been less than 25 points because the market rebounded back after touching the lowest point of 2657 at about 3.10p.m.

Since the school holidays will be approaching next week, I will not be 'around' for a while. I am planning to go elsewhere with my family.

Have a nice trading day, guys....

8.56am