Palm | Kelapa Sawit

The year for 2009 is just around the corner, normally the CPO futures market is expected to move in a slow and less violent manner. Anyway in some markets, the market's movement does not show much different in its volatility.

Today

In brief, the forecast for today;

1) If the market opens between 2610 to 2621. Sell after the market has moved up beating the level 2630.
2) if the market opens between 2587 to 2597. Sell after the market has retraced passing down the levels between 2580 to 2585.
3) If the market opens between 2570 to 2582. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens between 2598 to 2609. Sell after the market has moved up 6 points above the opening level.
5) If the market opens other than the above..it simply is your call
6) Also refer to my postings dated 12th January, see #6

That's about all.

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

9.30am

The CPO ( Crude Palm Oil) futures for March market open at 2547 and closed at 2525 yesterday. The highest was at 2550 and the lowest was at 2514. The market ended lower with a black bar.

If you look at my forecast yesterday, see #1, the market open at 2547 and immediately fell to 2535 and at about 10.31a.m., the market jumped up to the highest of the day at 2550 at about 11.00am. The market then fell to 2539 before lunch. The market open at 2531, after lunch, and kept falling down to finally settle at 2515 at 6.00p.m.
.
The fall, after the opening hour, was pretty fast and you had 2 choices here;
1)Either to wait for the market to fall around 2525 ( que up here )before entering the market or
2)To enter at 2537.If you decided to enter at 2525, then no position would have been taken in but if you decided to enter at 2537, you would be making some small profits of maximum 12 points.

As for today, no forecast.

That's about it guys.


Have a nice trading day.

8.40a.m.

I did not make any comment regarding my forecast on last Monday dated 14th December because the market open not within one of the forecasted levels and also to a few reasons of my own.
At the current situation, the market looks like it is going further up but will the market be so?

Today

My forecast for today is as follows;

1) If the market opens between 2580 to 2596. Sell after the market has moved up passing the levels between 2600 to 2610.
2) If the market opens between 2578 to 2585. Sell after the market has dropped passing the levels between 2568 to 2573.
3) If the market opens between 2563 to 2573. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens other than the above, it is your call..who else?
5) Also refer to my postings dated 12th January, see #6


That's about all, guys....

Have a nice trading day...

P/s Tomorrow is a public holiday in Malaysia for Maal Hijrah

9.05am

Last Thursday, the market did not open according to what had been forecasted in the morning and further more, due to some reasons, I was also not available to give any forecasting on Last Friday, partly due to I was a little bit of overslept.

Today

The forecast for today is as follows;

1) If the market opens between 2526 to 2535. Sell after the market has moved up 10 to 15 points above the 2535.
2) If the market opens between 2515 to 2525. Buy after the market has dropped 5 points after opening.
3) If the market opens between 2490 to 2500. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens other then the above, it is your call
5) Also refer to my posting dated 12th January, see #6


That's all

Have a nice trading day, guys....

7.36am

The CPO ( Crude Palm Oil) futures for February contract open at 2526 and closed at 2526 yesterday. The highest was at 2542 and the lowest was 2502. The market ended lower with an unchanged bar.
The market open far below than the forecasted levels, so I guess no comment on this matter.

Today

The forecast for today;

1) If the market opens between 2502 to 2512.Sell after the market has retraced passing down the levels between 2492 to 2497.
2) If the market opens between 2513 to 2520. Sell after the market has moved up 15points above the opening level.
3) If the market opens between 2487 to 2497. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) Also refer to my posting dated 12th January ( see #6)

That's about it, if you are not sure....just contact whoever you feel like to.

Have a nice trading day guys....

9.07am

Recently, I read a few articles on futures investment regarding the price factor. Most of the articles indicated that the rise in the price of the futures were the result of the increase in the buyers in the market. In fact, there are a few factors which indicate the increase in the price ;
.
1)More buyers in the market than the sellers,
2)More sellers than the buyers,
3)Buyers and/or sellers accumulating the futures and
4)Buyer or/and sellers disposing the futures.

How come ? You may ask or may be you are in the dark. I may explain later ( not in this posting ). So, it is very important for you to determine which factors indicate the rise in the price of the futures before making the decision to enter or exit the market.

Today

The forecast for today's market direction is as follows;

1) If the market opens between 2580 to 2590. Sell after the market has moved up passing the levels between 2600 to 2610
2) If the market opens between 2550 to 2564. Buy after the market has moved up passing the levels between 2570 to 2575 or sell after the market has retraced passing down the levels between 2539 to 2544.
3) If the market opens between 2566 to 2579. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens between 2591 to 2600. Sell after the market has moved up 8 to 18 points above the opening level.
5) If the market opens higher than 2620, the market may go further up
6) If the market opens other than the above, it is up to you....
7) Also refer to my postings dated 12 January, see #6


That's about it, guys...

Have a nice trading day....

9.05am

The CPO ( Crude Palm Oil ) futures for February contract open at 2474 and closed at 2495 yesterday. The highest was at 2498 and the lowest was at 2445. The market ended higher with a white bar.

The CPO ( Crude Palm Oil ) futures for February contract open at 2470 and closed at 2472 yesterday. The highest was at 2484 and the lowest was at 2452. The market ended lower with a white bar.

The CPO (Crude Palm Oil) futures for February contract open at 2512 and closed at 2482 last Thursday ( Friday was a public holiday in Malaysia). The highest was at 2521 and the lowest was at 2460. The market ended a little bit higher with a long black bar engulfing the previous bar.

If you refer to my last forecast , see #2, you would probably have had two choices here;
1) Had you placed a buy position at exactly 2019, 2020 or 2121, then you would have your fingers burt.
2) Had you decided to place a buy position at 2025 and above, you would probably have been considered as being safe. If you refer to my previous postings ( I do not know where the postings are, anyway), then you would be able to place a position which can be considered as a "safe" position.

Today

Does The Dubai Shock which has "shocked" the world may have an effect on today's market? Chartly wise, in the long run, the market is still bullish but the very short term, the market now is bearish. The forecast for today;

1) If the market opens between 2471 to 2481. Sell after the market has gone up 5 points above the opening level.
2) If the market opens between 2460 to 2470. Sell after the market has retraced passing down the levels between 2450 to 2455.
3) If the market opens between 2439 to 2459. Sell after the market has moved up a bit and then falls 5 points below the opening level.

That's about all.

Have a nice trading day guys....

8.58am

The CPO ( Crude Palm Oil ) futures for February contract ended higher yesterday due to higher expected export. This is also due to the rebound in the crude oil prices. So, how about today's market direction?

The CPO ( Crude Palm oil ) futures for January contract open at 2251 and closed at 2245 yesterday. The highest was at 2277 and the lowest was at 2240. The market closed higher but with a black bar.

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

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.

The CPO ( Crude Palm Oil) futures for January contract open at 2260 and closed at 2246 last Friday. The highest was at 2254 and the lowest was at 2230. The market ended lower with a black bar with a difference of a point from the day before.

The CPO ( crude Palm Oil ) futures for January contract open at 2210 and closed at 2260 yesterday. The highest was at 2273 and the lowest was at 2207. The market ended higher with a white bar and was a seller's market.

The market did not open within the suggested forecast and in fact it managed to beat up the highest of the last date of 23rd of October's performance.

Today

Theoritically, after the market has broken into a new high, the market is expected to move further high despite a few corrections along the way. Anyway, today's direction still depends on the opening of the market today.

1) If the market opens between 2235 to 2262. Buy after the market has dropped 11 points after the opening. Make sure that this 11 points down does not exceed the level 2224 and below. More significant if the market opens more towards the upper level of the 2235-to-2262 levels.
2) If the market opens between 2224 to 2234. Sell after the market has retraced beating down the levels between 2214 to 2219.
3) If the market opens between 2209 to 2223. Sell after the market has moved up a bit and then falls 5 points below the opening level. The market may fall further if the levels between 2197 to 2202 are broken.

OR ( before 11.40 a.m )

4) If the market opens between 2224 to 2240. sell after the market has broken down the level 2233 and then moves up to the levels between 2236 to 2239.
5) If the market opens between 2210 to 2223. Sell after the market has moved up to the levels between 2236 to 2239.
6) Also refer to my posting dated 12th January, see #6


Have a nice trading day, guys....

P/s I am not in a high spirit today...

8.54am

The CPO ( Crude Palm Oil ) futures for January contract open at 2221 and closed at 2190 yesterday. The highest was at 2221 and the lowest was at 2183. The market ended lower with a black bar.

The market open within one of the suggested forecasts yesterday but did not move accordingly, so no action for yesterday!

Today

The forecast for today is as follows;

1) If the market opens between 2183 to 2193. Sell after the market has passed down the levels between 2170 to 2175.
2) If the market opens between 2194 to 2200. Sell after the market has moved up 5 points above the opening level. More significant if the market opens more towards the upper level of the 2194-to-2200 levels.
3) If the market opens between 2176 to 2188. Sell after the market has passed down the levels between 2165 to 2170.
4) If the market opens between 2165 to 2175. Sell after the market has moved up a bit and then falls to the levels between 2165 to 2170.

OR ( Before 11.40a.m.)

5) If the market opens between 2173 to 2183. Sell after the market has moved up to the levels between 2188 to 2194.
6) If the market opens between 2184 to 2197. Sell after the market has broken the level 2183 and then moves up to the levels between 2188 to 2194.
7) As usual, if the market opens other than the above, it is up to you guys.....
8) Also refer to my posting dated 12th January, see #6

If not sure......do whatever you like to do.....Mike

P/s Hillary Clinton's visits to Israel and Palestine have resulted "hillarious" jokes on her mission for the peace talk....hahahahahaha...

9.00am
9.13am- a little bit of updating

The CPO ( Crude Palm Oil) futures for January contract open at 2160 and closed at 2208 yesterday. The highest was at 2213 and the lowest was at 2154. The market ended unchanged with a white bar.

For the past two days, the CPO futures for January contract has shown an upwards movement and has managed to beat up the 2000 points level but can this level be able to be sustained?

The CPO ( Crude Palm Oil ) futures for January contract open at 2235 and closed at 2218 yesterday. The highest was at 2235 and the lowest was at 2205. The market ended lower with a black bar.

The market open at 2235 ( see the graph enclosed ) and immediately dropped down passing the levels between 2217 to 2222 that was at 2220. Anyway the market stablised at 2220 to 2224 for a while before moving up to settle at 2225 before lunch.

The market open at 2229 in the afternoon, shot up a bit and then fell down to the lowest of the day at 2205 and finally closed at 2218. If you look at my forecast yesterday, see #1, and had placed a sell position between 2217 to 2220, you could have been able to make profits of between 10 to 15 points if you decided to dispose the position in the afternoon ( Well, I think you had no choice here because if you were to dispose before lunch, you could have ended up poorer by a few points )



That's about it, Mike.


Have a nice trading day everybody

8.30am