Palm | Kelapa Sawit

Due to some reasons, I was not able to comment on last Monday's forecast - 9 November( Well, actually I was a little bit of overslept). Anyway the market did open within the suggested forecasts but did not move accordingly.

Today

In brief, the forecast for toaday market's direction are as follows;

1) If the market opens between 2235 to 2245. Sell after the market has retraced passing the levels between 2225 to 2230. The market may fall further if the levels between 2216 to 2221 are broken down.
2) If the market opens between 2227 to 2234. Sell after the market has moved down passing the levels between 2216 to 2221.
3) If the market opens between 2251 to 2261. Buy after the market has moved up beating the levels between 2266 to 2271.
4) If the market opens between 2262 to 2269. Buy after the market has moved up passing the levels between 2275 to 2280.
5) If the market opens between 2246 to 2250. Sell after the market has moved up 5 points above the opening level.

OR ( Before 11.40a..m.)

6) If the market opens between 2235 to 2245. Sell after the market has retraced passing down the level 2234 and then moves up to the levels between 2243 to 2249.
7) If the market opens between 2225 to 2234. Sell after the market has moved up to the levels between 2243 to 2249.
8) Also refer to my posting dated 12th January, see #6


Have a nice trading day guys.....

8.30a.m.