Palm | Kelapa Sawit

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

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

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.

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!
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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

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

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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

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.

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.

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.

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

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.

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

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?

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.

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.

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

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 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.

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
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7- 9.45 a.m.