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

CPO: Runnging Out Luck Again?

The CPO ( Crude Palm Oil ) futures for January contract open at 2251 and closed at 2234 yesterday. The highest was at 2285 and the lowest was at 2225. The market ended lower with a black bar. It was sellers' market with an extra accumulation to that of the day before.
The market open within one of the suggested points but did not move accordingly. It has been a week and no "action" was recorded.

Today

The forecast for today are as follows ;
1) If the market opens between 2233 to 2244. Sell after the market has moved down passing the levels between 2223 to 2228. If the market manages to break down the levels between 2216 to 2221, the m arket may fall further down.
2) If the market opens between 2245 to 2251. Buy after the market has moved up beating the levels between 2256 to 2261.
3) If the market opens between 2220 to 2232. Sell after the market has moved up a bit and then falls 5 points below the opening level.

OR ( before 11.40a.m. )

4) If the market opens between 2225 to 2240. Sell after the market has broken down the level 2224 and then moves up to the levels between 2235 to 2240.
5) If the market opens between 2214 to 2224. Sell after the market has moved up to the levels between 2235 to 2240.
6) If the market opens other than the above, it is up to you, how do I know?
7) Also refer to my postings dated 12th January, see #6

If you are uncertain, just give a call to your futures dealer........not your mother.

Have a nice trading day, guys....

P/s Actually it is much easier to forecast the market while the market is in action rather than to forecast before it opens. If you can't make it, don't be like a sad dog...

9.55am

CPO: Going Up?

For the past few days the market has not shown any big fluctuation except on last Thursday. The market looks as if it is in the sidelines again. In any market, there are 3 main types of phases ; up going, down going and sidelines.

Today

The forecast for today is as follows;

1) If the market opens between 2150 to 2178. Buy after the market has moved up passing the level 2179 and then retraced to the levels between 2155 to 2160.
2) If the market opens between 2179 to 2180. Buy after the market has dropped to the levels between 2155 to 2160, OR;
3) If the market opens between 2148 to 2168. Buy after the market has dropped 7 points from the opening level.
4) If the market opens between 2169 to 2178. Buy after the market has moved up passing the level 2179 and then retraced to the levels between 2155 to 2160.
5) If the market opens between 2138 to 2147. Sell after the market has dropped and passsed the level 2137 and then moves up to the levels between 2155 to 2160.
6) If the market opens other then the above, it is your call....
7) Please refer to my postings dated 12th January 2009, see # 6.

If you are not sure....no idea!

Have a nice trading day, guys!

8.45a.m.

CBOT UP Yesterday, CPO Today : Part 2 ?

The CPO ( crude Palm Oil ) futures for December contract open at 2115 and closed at 2103 yesterday. The highest was at 2121 and the lowest was at 2096. The market ended lower with a black bar and it was buyers' market. As for my forecast, the market open not within the forecasted points yesterday, so just let it be! Don't worry, be happy!
.
Today

It seems that the market is still in the sideways situation. A big movement and direction would occur if the levels 2077 or 2192 are broken. The forecast for today ;

1) If the market opens between 2103 to 2114. Buy after the market has moved up passing the levels between 2120 to 2125. If the market manages to beat up the levels between 2133 to 2138, the market may go further up.
2) If the market opens between 2101 to 2113. Sell after the market has retraced and passed down the levels between 2090 to 2095.
3) If the market opens between 2120 to 2125. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2065 to 2077. 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, I think you know what you are going to do next.
6) Please refer to my posting dated 12th January, see #6.

If you are not sure....then please be very sure...

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

8.50am

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: Temporary Reversal?

.
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: 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;

.

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.

.

9.45am.

Stll Going Down?

The CPO ( Crude Palm Oil) futures for November contract open at 2360 and closed at 2375 yesterday. The highest was at 2390 and the lowest was at 2355. The market ended higher with a white bar.

The market open at 10.30 a.m. at 2360 , immediately dropped to 2357 and then moved up to 2380, the highest in the morning session. The market then dropped down again to 2355, the lowest of the day before settling at 2370 before lunch. In the afternoon, the market shot up to 2390, the highest of the day, before finally closed at 2375.

If you look at my forecast yesterday( see #1) and if you decided to buy at 2365 ( with 15 to 20 points stop loss – my posting dated 12^th January ; see #6), you definitely would be making profits of between 10 to 15 points if you were to sell before lunch break. If you decided to prolong to after lunch, you would be making another 5 to 10 more points of profits ( see enclosed graph ).

So, that’s about it.

Have a nice trading day, guys..

3-8.05am.

CPO : Road To South

It has been a month, that was from 14 July to 13th August, that the CPO futures market has shown an upward movement but on last Friday and yesterday, the market have indicated that it was moving southwards. Will this downwards movement prolong in the next few days? It is hard to say as you can never forecast the market performance even if you have the mean to do so because the market's direction is largely motivated by human factors.

Today

In the long run, the market is still bullish and so is the medium term but the very very short term, the market now is bearish. The forecast for today ;

1) If the market opens between 2356 to 2362. Buy after the market has dropped 5 points below the opening or buy after the market has moved up 5 points above the opening point.

2) If the market opens between 2363 to 2370. Buy after the market has moved up passing the levels between 2375 to 2380.

3) If the market opens between 2375 to 2395. Buy after the market has dropped a bit and then moves up 6 points above the opening level.

4) If the market opens between 2335 to 2350. Sell after the market has moved up 8 points above the opening level.

5) If the market opens between 2325 to 2334. Sell after the market has dropped and passed the levels between 2315 to 2320.

6) If the market opens between 2300 to 2320. Sell after the market has moved up a bit and then falls 6 points below the opening level.

7) If the market opens other than the above...it is up to you...anyway it is your money!

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

As usual, if you are not sure...er..er...mmmm...er... just contact your futures dealer, who else.

P/s.......:-) :-) :-) :-) :-) etc...

Have a nice trading day....

.

3-9.26am

CPO Reversal ?

Last Friday, the CPO ( Crude Palm Oil ) futures for October contract open at 2206 and closed at 2189. The highest was at 2248 and the lowest was at 2175. The market ended lower and was a black bar.

The market open far too high from what had been forecasted, so let us just move on to today's forecast instead.

Today

In long run, the market is still bearish. The medium run, the market is bullish and the very very short run, the market is bearish now. So the forecast for the day ;

1) If the market opens between 2186 to 2237. Sell after the market has moved up 13 points above the opening level. Make sure that these 13 points do not exceed the level 2237 when the market opens. Be careful of the false alarm and do not forget your stop loss.
2) If the market opens between 2238 to 2248. Buy after the market has passed up the levels between 2253 to 2258. If you see any profits, just lock them up!
3) If the market opens between 2175 to 2185. Sell after the market has fallen and passed down the levels between 2165 to 2170.
4) If the market opens between 2148 to 2170. Sell after the market has moved up a bit and then falls 7 points below the opening level.
5) If the market opens other than the above, it is your call....Of course, who else?
6) As usual, please refer to my posting dated 12th January ( see # 6 )


If you are in doubt, just contact your dealer. He/she will advice you ( Will he/she? )



Have a nice trading day, everybody...


P/s I have no idea for today....

4-8.47am

CPO Futures - Ding Dong

The CPO ( Crude Palm Oil) futures for October contract open at 2128 and closed at 2140 yesterday. The highest was at 2158 and the lowest was at 2109. The market ended lower and was a black bar.

Yesterday the market open within one of the forecasted levels but did not move accordingly. As usual, no comment.

Today

In long run, the market is still bearish but the short and medium terms, the market is bullish now. The forecast for today ;

1) If the market opens between 2109 to 2118. Sell after the market has retraced to pass down the levels between 2100 to 2105. If the market manages to fall down the levels between 2075 to 2080, the market may fall further down and it may end a black bar today or at least in the early part of the trading day.

2) If the market opens between 2119 to 2128. Sell after the market has moved up 5 points after opening level. Be xtra careful of the false alarm and do not forget your stop loss.

3) If the market opens between 2129 to 2138. Buy after the market has moved up and passed the levels between 2143 to 2148. If these levels are broken up, the market may go further up.

4) If the market opens between 2085 to 2104. Sell after the market has moved up a bit and then falls 7 points below the opening level.

5) If the market opens between 2139 to 2150. Buy after the market has retraced a bit and then moves up 6 points above the opening level or buy after the market has moved 6 points above the opening level.

6) If the market opens besides the above....it's your move....or may be you can go out and watch The Room - voted to be the Best Worst Film Ever Produce.

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

If not sure....then you are not sure..what else!

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

P/s - Have u seen The Room? People are flocking to the theatre, in US, to watch this Best Worst Film ever produced.

3-9.01am

CPO Futures Ends Higher

The CPO ( Crude Palm Oil ) futures for October contract open at 2125 and closed at 2140 yesterday. The highest was at 2146 and the lowest was at 2106. The market ended higher and was a white bar.
.
The marke did not open within the suggested forecasts, so no comment for today.

Today

In long term, the market is still bearish but the very very short and medium term, the market is bullish. My forecast for today;

1) If the market opens between 2130 to 2146. Buy after the market has fallen 5 points below the opening level or/and if the market opens between 2136 to 2146; Buy after the market has fallen 5 points below the opening level or buy after the market has moved up 7 points above the opening level. Be xtra careful of the false alarm and do not forget your stop loss.
2) If the market opens between 2147 to 2156. Buy after the market has dropped a bit and moved up 5 points above the opening level or buy after the market has moved 7 points above the opening level.
3) If the market opens between 2157 to 2171. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2120 to 2129. Sell after the market has passed down the levels between 2110 to 2115
5) If the market opens between 2095 to 2115. 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...I just do not know what to say...
7) Plese refer to my posting dated 12th January 2009 ( see # 6)
.
.
Have a nice trading day, guys...
.
.
3-1.08am

CPO : Where To Now

The CPO ( crude palm oil ) futures for September contract open at 2054 and closed at 2103 yesterday. The highest was at 2124 and the lowest was at 2049. The market ended higher with a white bar.

The market open at 2054, dropped a bit to 2049, the lowest of the day, and then shot up to 2102 before closing at 2096 before lunch ( see enclosed graph ). In the afternoon, the market open at 2107 , moved up to 2124, the highest of the day, and then retraced to finally closed at 2103. If you look at my forecast yesterday ( see #1) and if you were to place a buy position , say at 2065, you would probably have made profits of between 10 to 30 points before lunch. If you decided to prolong to after lunch, you could have made extra profits of between 10 to 20 points more.

That's about it for today.

Have a nice trading day

P/s I still am facing the problem of internet connection in my area. What happens to this TM ?

They are nothing but pokemon...

3-8.30 am

CPO Market To Go Up?

Some say the market now could be at the lowest point and may reverse to go up at any time. The question now is when? Or the market may not go up for the time being and instead is preparing to go down south. So which is which?

.

Today

.

In the long run, the market is still bearish but the short term the market is in the uncertainty situation.

.

.

My forecast for today ;

.

1) If the market opens between 2038 to 2055. Buy after the market has dropped 9 points from the opening point. Be careful of the market false alarm or buy after the market has passed the levels between 2060 to 2065.

2) If the market opens between 2056 to 2068. Buy after the market has dropped 9 points from the opening level. Be careful of the market false alarm.

3) If the market opens between 2068 to 2078. Buy after the market has passed the levels between 2083 to 2088.

4) If the market opens between 2028 to 2038. Sell after the market has dropped and passed the levels between 2018 to 2023. The market may fall further if the levels between 2013 to 2017 are broken down.

5) If the market opens between 2003 to 2022. Sell after the market has moved up a bit and then falls 5 points below the opening level.

6) If the market opens between 2084 to 2100. Buy after the market has dropped a bit and then moves up 6 points above the opening level.

7) If the market opens other than the above, it is your call.....

8)Please refer to my previous posting dated 12th January ( see # 6)

That's about it, if you are not sure, just contact your dealer but not the political representative of your area as he only talks something that you would like to hear....

Have a nice trading day guys...

P/s I still have this intrupted internet connection problem from time to time and to Malaysians out there, if you are thinking of using Telekom Malaysia ( TM ) as your internet service provider, just forget it! This company is nothing but #@!*(08&^%$. If you make any complaint, they just simply ignore you!

6-8.46 a.m.

CPO Futures - Indecision

The CPO ( Crude Palm Oil ) futures for September contract open at 2275 and closed at 2250 yesterday. The highest was at 2275 and the lowest was 2231. The market ended lower and was a black bar.

If you look at my forecast yesterday, the market open at 2275 and was at the upper part of the 2228-to-2289 levels but , after opening, the market kept falling down until it settled at 2250. Well, I made a loss -what else, after queing at 2260 and I had to sell to minimise my lose at 2240. As usual, you can't win them all.

Today

In long run, the market is still bearish but at this point of time , I think the market is in the indecisive situation. So my forecast for today :

1) If the market opens between 2268 to 2284. Buy after the market has moved up passing the level between 2291 to 2296. If the market manages to beat up the levels between 2304 to 2310, the market go further up.

2) If the market opens between 2233 to 2243. Sell after the market has retraced passing down the levels between 2223 to 2228.

3) If the market opens between 2207 to 2228. Sell after the market has moved up a bit and then falls down 6 points below the opening level. Jusat be careful here!

4) If the market opens above 2287 and then falls 'a bit ' below it and then rise again beating the levels between 2291 to 2297, the market go further up

5) If the market opens between 2304 to 2325. The market may go further up.

6) If the market opens other than the above, it is your call, Mike.

7) Please refer to my posting dated 12th January 2009 ( see #6)

If you are not sure , just contact your dealer but not your 2nd wife........she only like to hear if you make money not the other way around.

P/s What do you think of Obama's recent fly swatting ?

Have a nice trading day...guys

3-9.30am

Next Move

The market ended higher and was a white bar yesterday and in Japanese Candlesticks, yesterday's bar is said to have engulfed the previous bar. This would indicate that the market now is in the reversal pattern. Anyway, today's up trend direction is dependable on the opening and the continuing of the positive movement of the market.

Today

In long run , the market is still bearish but the very short term, the market now is bullish. Today's forecast are as follows;

1) If the market opens between 2228 to 2289. Buy after the market has dropped 14 points from the opening level. It would be more significant if the opening is more on the upper side of the 2228-to-2289 levels.

2) If the market opens between 2218 to 2227. Sell after the market has passed the levels between 2208 to 2213. The market may drop further if these levels are to be broken.

3) If the market opens between 2290 to 2299. Buy after the market has passed the levels between 2305 to 2310.

4) If the market opens between 2193 to 2213. Sell after the market has moved up a bit and then drops 6 points below the opening level.

5) If the market opens other than the above.......it is up to you...how do I know , man.

6) Please refer to # 6 ( see posting dated 12th January 2009 )

Well, that's about it. If you are not sure just consult your futures dealer but not your....siblings, they are just ..#@!*&^

Have a nice trading day!!!

2-8.25am

Market Down?

The CPO ( crude palm oil ) futures for August contract open at 2638 and closed at 2598 yesterday. The highest was at 2651 and the lowest was at 2586. The market closed lower and was a black bar.

The market open within the forecasted suggestions but it did not move accordingly, so there was no gain and no loss.

Today

In long run, the market is still bearish and so is the very very short run. The forecast for today's market direction;

1) If the market opens between 2609 to 2619. Buy after the market has moved up beating the levels between 2925 to 2930.

2) If the market opens between 2586 to 2596. Sell after the market has retraced beating down the levels between 2575 to 2580.

3) If the market opens between 2597 to 2608. Sell after the market has moved up 6 points from the opening level. It would be more prominent if the market opens more towards the lower part of the 2597-to-2608 levels.

4) If the market opens between 2625 to 2644. Buy after the market has retraced a bit and then moves up beating 5 points above the opening level.

5) If the market opens between 2560 to 2580. Sell after the market has moved up a bit and then fall 5 points below the opening level.

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

7) Please refer to #6 ( see posting dated 12 January 2009 ).

If you are not sure....just contact your futures dealer but not your office mate....

Have a nice trading day.....

P/s blah..blah..blah..blah..blah...

4 - 9.15am

Market Up Due To Export Figures

The Cpo ( crude palm oil) futures for August contract ended higher yesterday. It seemed that the climb of the market was due to the increase in the demand overseas and also favourable export data report. The CBOT also ended higher yesterday.

Today

In long run, the market is still bearish but the very short run, the market is said to be in bullish sentiment. The forecast for today's direction;

1) If the market opens between 2637 to 2647. Buy after the market has moved up beating the levels between 2652 to 2658. If the levels between 2670 to 2675 are breached, the market may go further up.

2) If the market opens between 2612 to 2622. Sell after the market has retraced beating the levels between 2600 to 2607.

3) If the market opens between 2623 to 2636. Buy after the market has fallen 6 points from the opening level. It would be more significant if the market opens more towards the upper level of the 2623-to-2636 levels.Make sure to put your stop loss.

4) If the market opens between 2653 to 2670. Buy after the market has retraced a bit and then moves up 5 points above the opening level. see #1 the bold letters as above.

5) If the market opens between 2585 to 2606. 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) Please refer to #6 ( see posting dated 12th January 2009 )

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

P/s. Obama speechless after Israelis refused to stop housing development on Palestinians' land.

3-8.40 am

CPO August Futures Drops Sharply

The Cpo ( crude palm oil ) futures for August contract open at 2609 and closed at 2499 yesterday. The highest was at 2626 and the lowest was at 2480. The market ended lower and was a black bar.


The market open at 2609 and immediately retraced to 2604 and then shot up to 2626, the highest of the day, at about 11.00a.m. before retracing to 2570 before lunch. In the afternoon, the market started to fall further down to the lowest of the day at about 5.40 p.m. and finally settled at 2499 ( see enclosed graph ).
If you look at my forecast yesterday ( see # 1 ), the market open at 2609 ( between 2600 to 2637 ) and at 10.57 a.m. , the market managed to touch 2020 ( 11 points above the opening level ) and had you placed a short position here, you would have been able to make profits of at least 50 to 60 points if you decided to close position just before lunch. If you had decided to prolong, you would have been making a lot more profits for the day.
The market also open at the lower part of the 2600-to-2637 level and also did retrace further after the levels 2578- to -2583 were breached. ( see also # 1 )


Have a nice trading day, guys.


P/s. I do not know ... no idea today
.
.
7- 9.45 a.m.

Soya Bean Oil-Climatic Situation

The Cpo ( crude palm oil ) futures for August contract open at 2644 and closed at 2602 yesterday. The highest was at 2656 and the lowest was at 2588. The market closed lower and ended a black bar.

Since the market on 19th of May open not within the forecasted levels, so I think there was no commentary on the matters to be addressed.

Today

In the long run, the market is still bullish but not the very short run. My forecast for today's market direction will be as follows;

1) If the market opens between 2600 to 2637 . Sell after the market has moved up 11 points from the opening level. Be careful of the 'fast movement' of the market after opening. If the market manages to beat down the levels between 2578 to 2583, the market may fall further especially if the opening is more towards the lower part of the 2600-to-2637 levels. Make sure this 11 points do not exceed these levels. If the market manages to beat up the level between 2652 to 2658, the market may go up further especially if the market opens more towards the upper level of the 2600-to-2637 levels. Make sure these 11 points do not exceed these levels after opening.

2) If the market opens between 2638 to 2647. Buy after the market has moved up beating the levels between 2652 to 2658.

3) If the market opens between 2588 to 2599. Sell after the market has retraced beating down the levels between 2577 to 2583.

4) If the market opens between 2563 to 2583. Sell after the market has moved up a bit and then falls 5 points below the opening level.

5) If the market opens between 2652 to 2672. Buy after the market has retraced a bit and then moves up 5 points from the opening level.

6) If the market opens other than the above....it is your call, I still have not found a methodology to go about entering the market at this point of time ( been quite long eh? ).

7) Please refer to #6 ( posting dated 12th January 2009 )

If you are not sure.......then do something man.

P/s Obama told Netanyahu not to bulid any form of development on Pelastine's land. Do you think this guy will listen to him?

2 - 9.55am