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
Wednesday, January 20, 2010
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
Monday, January 11, 2010
CPO: Happy New Year (2010) Part II
Hello everybody..... this is my first posting this year, the year 2010. I feel like being away for a quite time. Almost like a year ; i.e. from 2009 to 2010( a year, right?). At certain point, I feel like wanting to end this blog simply because I feel quite tired of it especially if my forecast is 'out of the way' but the most important of all, I am not sure if there are any viewers, at all, out there. Anyway, if I am to continue, this year is going to be my 3rd year I am operating this blog. Just wait and see.
Today
The market ,in long run, is still bullish but the very short term now, the market is bearish. The forecast;
1) If the market opens between 2601 to 2611. Sell after the market has retraced passing down the levels between 2590 to 2595. More significant if the market opens more towards the lower part of the 2601-to-2611 levels.
2) If the market opens between 2620 to 2634. Sell after the market has moved up passing the levels between 2640 to 2648. More significant if the market opens more towards the lower part of the 2620-to-2634 levels.
3) If the market opens between 2612 to 2619. Sell after the market has moved up between 10 to 15 points above the opening level.
4) If the market opens between 2580 to 2600. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) If the market opens other than the above, it is your call.....
6)There are also a few other factors that you should consider here ;
.
a) Do not forget your stop loss. It depends on the volatility of the market. In normal circumtances, the stop loss should be from 10 to 20 points.
b) Lock up the profits as you see one, the market may go against you at any time. Practise stop gain as well.
c) If the market opens and moves up/ down in a very fast, steep gradient and also in a long volatility line from the opening level, the market may proceed further. If the 'distance' is not "that long", it could be a false alarm. If so, you can look for a second attempt.
d) For the best result, after opening, the market moves up / down a bit and then moves up /down passing the opening level to the intended forecasted level.
e) The strategy applies only after the opening hour, it may not be suitable later than that, probably not later than 11.30 a.m.
f) If, after opening, the market moves up / down in a very fast, steep and in a 'long line' without moving up/down back to pass up/down the opening level, the market may give a signal that it would simply continue its direction
g) The word " bit" is relatif, please refer to my previous postings ( I am not sure where now)
If you are not sure...just greet anybody whom you meet by wishing them a Happy New Year...Don't worry, it is still not late.
That's about it.
Have a nice trading day guys.....
9.07am
Today
The market ,in long run, is still bullish but the very short term now, the market is bearish. The forecast;
1) If the market opens between 2601 to 2611. Sell after the market has retraced passing down the levels between 2590 to 2595. More significant if the market opens more towards the lower part of the 2601-to-2611 levels.
2) If the market opens between 2620 to 2634. Sell after the market has moved up passing the levels between 2640 to 2648. More significant if the market opens more towards the lower part of the 2620-to-2634 levels.
3) If the market opens between 2612 to 2619. Sell after the market has moved up between 10 to 15 points above the opening level.
4) If the market opens between 2580 to 2600. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) If the market opens other than the above, it is your call.....
6)There are also a few other factors that you should consider here ;
.
a) Do not forget your stop loss. It depends on the volatility of the market. In normal circumtances, the stop loss should be from 10 to 20 points.
b) Lock up the profits as you see one, the market may go against you at any time. Practise stop gain as well.
c) If the market opens and moves up/ down in a very fast, steep gradient and also in a long volatility line from the opening level, the market may proceed further. If the 'distance' is not "that long", it could be a false alarm. If so, you can look for a second attempt.
d) For the best result, after opening, the market moves up / down a bit and then moves up /down passing the opening level to the intended forecasted level.
e) The strategy applies only after the opening hour, it may not be suitable later than that, probably not later than 11.30 a.m.
f) If, after opening, the market moves up / down in a very fast, steep and in a 'long line' without moving up/down back to pass up/down the opening level, the market may give a signal that it would simply continue its direction
g) The word " bit" is relatif, please refer to my previous postings ( I am not sure where now)
If you are not sure...just greet anybody whom you meet by wishing them a Happy New Year...Don't worry, it is still not late.
That's about it.
Have a nice trading day guys.....
9.07am
Thursday, December 31, 2009
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
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
Wednesday, December 30, 2009
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
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
Wednesday, December 23, 2009
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.
Tuesday, December 22, 2009
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
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
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