Next Move

The CPO ( crude palm oil) futures for June contract open at 2520 and closed at 2534. The highest was at 2540 and the lowest was at 2511.The market closed lower with a white bar.It was sellers' market with the decreasing in open interest.

Yesterday, the market open but not within any of the suggested forecasts, so just moves on.

Today

The forecast;

1) If the market opens between 2517 to 2522. Sell after the market has passed down the levels between 2507 to 2512.
2) If the market opens between 2500 to 2506. Sell after the market has retraced passing down the levels between 2490 to 2495.
3) If the mmarket opens between 2523 to 2527. Buy after the market drops 4 to 10 points below the opening level but make sure this 4 to 10 points fall do not pass down the level 2516.
4) If the market opens between 2528 to 2534. Buy after the market has moved up passing the levels between 2539 to 2543.
5) If the market opens other the above, it is your call.
6) Also refer to my posting dated 11th January, see #6


Have a nice trading day, everybody


9.21am

Heading To Where Now?

The market on 8th April did not open within any of the suggested forecasts and in fact the market open relatively higher than the forecast.

So where is the market heading to today?

Today

In long and short run, the market is currently bearish, so the forecast for today;

1) If the market opens between 2544 to 2551. Buy after the market has moved up passing the levels between 2556 to 2560.
2) If the market opens between 2522 to 2529. Sell after the market has retraced passing down the levels between 2512 to 2517.
3) If the market opens between 2530 to 2543. Sell after the market has moved 5 to 10 points above the opening level. Make sure this 5 to 10 poins do not exceed 2550.
4) If the market opens between 2505 to 2517. Sell after the market has moved up a bit and then falls 5 points below the opening level. If the market manages to beat down the levels below 2475, the market may fall further.
5) If the market opens besides the above, it is your call.
6) Also refer to my postings dated 11th January, see #6

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


9.11am
9.14am - a little bit of updating

Still Bearish ?

The CPO ( Crude Palm Oil )futures for June contract open at 2540 and closed at 2539. The highest was at 2545 and the lowest was at 2530.The market ended higher with a black bar and was sellers' market.

Yesterday the market open but not within any of the forecasted suggestions .

Today

Since the market is still in the bearish situation, our opening strategy concentrates more on the selling aspect rather than buying. The forecast;

1) If the market opens between 2515 to 2525. Sell after the market has gone up a bit and then falls 5 points below the opening level.
2) If the market opens between 2507 to 2515. Sell after the market has retraced passing down the levels between 2501 to 2506.
3) If the market opens between 2498 to 2507. Sell after the market has retraced passing down the levels between 2493 to 2497.
4) Other than the above, I have no idea.
5) Also refer to my posting dated 11th January, see #6.

Have a nice trading day, guys


9.10am

Sidelines?

I refer back to my forecast dated 5th April and since the market on that particular day did not open within any of the forecasted points, so I think it is better not to discuss the matter.

Yesterday the market ended above 2500 and it indicated that the market is still in the sideways situation. Is it true? If the levels 2600 and above, or 2480 and lower, are broken, the market may move into a new direction. If you ask me? I think you know what would be the answer.

Today

The forecast for today;

1) If the market opens between 2523 to 2530. Buy after the market has moved up passing the levels between 2534 to 2539. More significant if the market opens more towards the upper level of the 2523-to-2530 levels.
2) If the market opens between 2507 to 2515. Sell after the market has retraced passing down the levels between 2498 to 2502. More significant if the market opens more towards the lower level of the 2507-to-2515 levels.
3) If the market opens between 2499 to 2505. Sell after the market has fallen down passing the levels between 2490 to 2495.
4) If the opens between 2480 to 2493. 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) Also refer to my posting dated 11th January, see #6.

That's about it.


Have a nice trading day, guys...

9.06am

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