Palm | Kelapa Sawit

Sorry everybody. I was not available to comment on my last forecast dated 3rd August due to some reasons (....actually I was overslept ). If you look at my forecast on that particular day, the market open at 2232 but due to the fact that the 13 points sell's situation suggested had already exceeded 2237 , so , theoretically, sell position was not supposed to have taken placed.

Today

In the short term, the market is still bullish but the very very short term is now bearish. My forecast for the day are as follows;

1) If the market opens between 2298 to 2334. Sell after the market has moved up 9 points above the opening level. Any way, just be careful here because if the market manages to beat up the levels between 2346 to 2351 especially if the market opens more towards the upper level of the 2298-to-2334 levels, the market may go further up or if the market opens between 2330 to 2341 and manages to beat up the levels between 2346 to 2351 - Buy here because the market may go further up and may end up a white bar today or at least in the early part of the trading day.
2) If the market opens between 2335 to 2344. Buy after the market has moved up passing the levels between 2345 to 2350. The market may go further up and a white bar may be formed today or at least in the early pasrt of the trading day.
3) If the market opens between 2288 to 2297. Sell after the market has retraced passing down the levels between 2278 to 2283. The market may fall further if these levels are to be broken.
4) If the market opens between 2263 to 2283. Sell after the market has moved up a bit and then falls passing 6 points below the opening level or sell after the market has dropped 6 points below the opening level.
5) If the market opens between 2350 to 2357. Buy after the market has dropped a bit and then moves up 5 points above the opening level or buy after the market has moved up 6 points above the opening level.
6) If the market opens besides the above.....it is your call
7) Please refer to my posting dated 12th January, see #6.


Have a nice trading day, guys...

3-9.40am