Palm | Kelapa Sawit

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.
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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)
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Have a nice trading day, guys...
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3-1.08am