CBOT Up Yesterday, CPO Today?

The CPO ( Crude Palm Oil) futures for December contract ended up slightly higher yesterday. Anyway the market ended up a black bar.

Today

In long term the market is still bearish but the very short term, the market is slightly bullish. My forecast for today's market is as follows ;

1) If the market opens between 2093 to 2102. Sell after the market has retraced and passed down the levels between 2083 to 2088.
2) If the market opens between 2104 to 2114. Sell after the market has passed down the levels between 2093 to 2098 or buy if the market moves up passing the levels between 2110 to 2115.
3) If the market opens between 2116 to 2127. Buy after the market has moved up and passed the levels between 2132 to 2137.
4) If the market opens between 2132 to 2145. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
5) If the market opens other than the above, it is up to you, guys....
6) Also refer to my posting dated 12th January , see # 6.

As usual, if you are not sure, just consult your dealer but never your son, he is more interested in the h/phone rather than anything.

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

P/s The picture above looks familiar just like a passport picture of someone that you know !

8.55am

CPO: Am I Running Out Of Luck?

The CPO futures' market for November contract ( actually it should be the December contract ) on 16th September was open not within the forecasted levels. So, as usual, there should be no comment on the matter.

The setback of using this "Opening Strategy" is that if the market opens not within one of the suggested forecasts, then a day of trading would be wasted. If this happens for several days, it would mean more days would be wasted. So it is suggested that a person should have multiple of strategies so that if one strategy does not work, he still has other methodologies to follow.

Today

As for today and a few days next week, I am going for a short days off for my Hari Raya, so I would rather feel not to do any forecast for today. Further more I could see that lately the volatility of the market has not been very encouraging.

Have a nice trading day guys.....

Selamat Hari Raya

1.00am

CPO : Sideline Again?

The CPO ( Crude Palm Oil ) futures for November contract open at 2098 and closed at 2101 yesterday. The highest was 2118 and the lowest was 2085. The market ended higher and it was a buyer's market.

Since the market open not within one of the suggested forecasts, then there was no money acquired yesterday.

Today

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In a very short term, the market now is in the sidelines or uncertainty period. The forecast for today ;

1) If the market opens between 2095 to 2106. Buy after the market has moved up passing the levels between 2112 to 2117.

2) If the market opens between 2071 to 2082. Sell after the market has retraced and passed down the levels between 2060 to 2065.

3) If the market opens between 2108 to 2120. Buy after the market has retraced a bit and then moves up 5 points above the opening level.

4) If the market opens besides the above, it is simply your call....

5) Also refer to my posting dated 12th January, see #6

If you are not sure , just contact Cpt. Marvel....( see picture above).

Have a nice trading day everybody...........

8.00am

Cpo: Temporary Reversal?

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Last Friday, the CPO ( crude palm oil) futures for November contract open not within one of the suggested forecasts. So , due to this, I am not going to give any comment on the matter.

Today

In short term the market is bearish now, so the forecast for today would be as follows ;

1) If the market opens between 2080 to 2097 . Sell after the market has moved up 8 points above the opening level.
2) If the market opens between 2103 to 2115. Buy after the market has passed the levels between 2120 to 2126.
3) If the market opens between 2070 to 2079. Sell after the market has passed down the levels between 2060 to 2065.
4) If the market opens between 2045 to 2065. Sell after the market has moved up a bit and then falls 6 points below the opening level.
5) If the market opens other than the above, it is simply your call......
6) Also refer to my posting dated 12th januaryt, see #6.

If you are not sure just contact Muntader al Zeidi, he might be able to help you.

Have a nice trading day, guys...

8.05am

CPO : Moving Upwards?

The CPO market for the past 2 days have shown sign of uncertainty and could be in sideline position. In this aspect, the strategy that could be implemented is to apply the mechanism of contrarian strategy which means sell where you are supposed to buy and vise versa. As usual, this strategy has its own merit and demerit. Sometimes it can happen quite promisingly, on the other hand it can happen on the other way round.

Today

In long run, the market is still bearish but the short run, the market now looks like it is in bullish sentiment. So the forecast for today should just be a short one;

1) If the market opens between 2208 to 2222. Buy after the market has moved up passing the levels between 2228 to 2235

2) If the market opens between 2228 to 2239. Sell after the market has dropped a bit and then moved up 5 points above the opening level.

3) If the market opens between 2180 to 2193. Sell after the market has retraced passing down the levels between 2168 to 2174.

4) If the market opens between 2164 to 2174. Sell after the market has moved up a bit and then falls 5 points below the opening level.

5) If the market opens besides the above, it is your call.... I simply has no more ideas, guy

Well, as usual, if you are not sure simply call the MACC ........

P/s.......

8.15am

CPO : Straight Losses

The CPO ( Crude Palm Oil ) futures for November contract open at 2141 and closed at 2210 yesterday. The highest was at 2210 and the lowest was at 2135 . It was the buyers' market and it ended higher.

So, if a sell position was placed yesterday at 7 points above the opening level as suggested by the forecast, one would ended up losing some money. Yesterday also indicated 3 consecutive days of losses. What more can I say, man.


Today

I think I better refrain from making any forecast for today



Have a nice trading day, guys..

8.00am

CPO Keeps Moving Southwards

The CPO ( Crude Palm Oil) futures for November contract ended lower on last Friday dated 4th September. The market open at 2218 ( see #2) and immediately fell to 2204 before shooting up and be at the top level for most of the day. So had a sell position been placed between 2008 to 2013, a loss of at least 20 points could not have been avoided. So that was what had happeded to me! Two consocutive days of losses. What a day!

Today

In long run, the market is now in bearish postion and so is the very short term. The forecast for today ;

1) If the market opens between 2136 to 2151. Sell after the market has moved up 7 points above the opening level.
2) If the market opens between 2125 to 2135. Sell after the market has retraced and passed down the levels between 2115 to 2120.
3) If the market opens between 2152 to 2161. Buy after the market has moved up and passed the levels between 2166 to 2172.
4) If the market opens between 2166 to 2177. Buy after the market has dropped a bit and then moved up 5 points above the opening level.
5) If the market opens between 2178 to 2186. Buy after the market has dropped a bit and then moved up 5 points above the opening level or buy after the market has moved up 5 points above the opening level.
6) If the market opens between 2100 to 2119. Sell after the market has moved up a bit and then falls 5 points below the opening level.
7) If the market opens other than the above, it is your call.....I am blank now.


Have a nice trading day, guys...

P/s. The new PM of Israel, Netanyahu, has made an announcement to build about 350 unit of houses in the occupied land of Pelastine. This is his first action regarding the occupied land after taking office. He is nothing but ....?!#@$%^&%$!? ( Well, that is the most that I can do....)

8.30am

Cpo: New Leads?

The CPO ( Crude Palm Oil) futures for November contract open at 2226 and closed at 2218 yesterday. The highest was at 2258 and the lowest was at 2218. The market ended lower with a black bar eventhough it was a buyer's market

If you refer to my forecast yesterday, see # 3, the market open at 2226 and since then it kept moving up to end higher in the morning session. Had you place a sell position at 5 points above the opening, you would have ended poorer than the day before. If you prolong to after lunch, it would have been much worst. Yesterday, I made a loss of 20 points!

Today

The market, in long run, is still bullish but the very short term, is bearish. ;

1) If the market opens between 2225 to 2232. Sell after the market has moved up 7 points above the opening level or sell after the market has fallen down 5 points below the opening level.
2) If the market opens between 2218 to 2224. Sell after the market has fallen down passing the levels between 2208 to 2213.
3) If the market opens between 2233 to 2238. Buy only after the market has moved up and passed the levels between 2243 to 2248.
4) If the market opens between 2239 to 2247. Sell after the market has moved up 7 points above the opening level.
5) If the market opens between 2248 to 2258. Buy after the market has passed up the levels between 2263 to 2270.
6) If the market opens between 2272 to 2280. Buy after the market has dropped 7 points below the opening level or buy after the market has moved up 5 points above the opening level.
7) If the market opens between 2193 to 2213. Sell after the market has dropped 7 points below the opening level.
8) If market opens besides the above...it is your call...you can call anybody you like.
9) Please refer to my posting dated 12th January, see #6.

If you are not sure.....well,..er..mmmm....nnnn....bbbb

Have a nice trading day, guys..

8.50am

Cpo: Not Very Promising?

The market for the past one week has not been promising probably because the market was uncertain except for the past two days where the market has shown a kind of direction. This could be due to the fall in crude oil prices in the world market quite recently.

Today

In long run, the market is still bullish but the very very short run, the market is already in bearish situation. The forecast for today;

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1) If the market opens between 2273 to 2283. Buy after the market has dropped 5 points below the opening level or buy after the market has moved up 5 points above the opening level.

2) If the market opens between 2238 to 2266. Sell after the market has moved up 7 points above the opening level.

3) If the market opens between 2220 to 2233. Sell after the market has moved up 5 points above the opening level or sell after the market has fallen 5 points below the opening level.

4) If the market opens between 2195 to 2215. Sell after the market has fallen 7 points below the opening level.

5) If the market opens between 2288 to 2310. Buy after the market has moved up 7 points above the opening level.

6) If the market opens beside the above, it is your call......I am blank......

7) Please refer to my posting dated 12th January , see # 6

That's about it. If you are not sure.....please refer to your futures dealer. If you are still not sure...then just let it be...

Have a nice trading day...guys and smile.

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9.45am.