Palm | Kelapa Sawit

The CPO market dated 11th of May open not within one of the suggested forecasts so nothing happened!

Today

The forecast for today;

1) If the market opens between 2505 to 2510. Sell after the market has fallen the levels between 2495 to 2500.
2) If the market opens between 2511 to 2516. Buy after the market has moved up passing the levels between 2520 to 2524.
3) If the market opens between 2521 to 2526. Buy after the market has dropped a bit and then moves up 4 points above the opening level.
4) If the market opens between 2500 to 2506. Sell after the market has fallen passing the levels between 2490 to 2495.
5) If the market opens other than the above, it is simply your call.
6) Also refer to my psoting dated 11th January, see #6.

The best thing is to refer to your dealer if you are uncertain.

That's about it, just cross your finger.


Have a nice trading day, guys.

9.05am

The CPO ( Crude Palm Oil) futures for Jun contract open at 2589 and closed at 2591. The highest was at 2597 and the lowest was at 2571. The market ended higher with a white bar.

After the opening at 2589, the market immediately dropped to 2581 and bounced back to 2597, the highest of the day. At about 10.40a.m., the market started to retrace to 2576 before closing at 2582 for lunch break. In the afternoon, the market open at 2582, immediately dropped to 2571, bounced back and started to climb to 2597 before finally settled at 2591.

If you look at my forecast yesterday,see #4, and had placed a buy position here, say at 2594 , you would have definitely ended up losing your money even if your stop loss was 20 points below the buy position. Well, you can't win the all!

Today

My forecast for today;

If the market opens;
1.1) Between 2573 to 2584. Sell after the market has retraced passing down the levels between 2562 to 2567.
1.2) Between 2590 to 2600. Buy after the market has moved passing up the levels between 2605 to 2610.
1.3) Between 2605 to 2617. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.
1.4) Between 2556 to 2567. Sell after the market has moved up abit and then falls 5 points below the opening level.
1.5) Other than the above. It is up to you.....

2)Also refer to my posting dated 11th January, see #6.

If you are not sure, just contact your...whoever...


Have a nice trading day, Mike


8.57am

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.

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

The CPO ( Crude Palm Oil) futures for October contract open at 2090 and closed at 2098. The highest was at 2116 and the lowest was at 2085. The market ended lower and was a white bar.
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The market open within the forecasted level but it did not really follow what was suggested.

Today

In long term, the market is still bearish ( see enclosed chart ) but the very very short term, the market looks like it is bullish now. The forecast for today;

1) If the market opens between 2106 to 2116. Buy after the market has managed to pass the levels between 2122 to 2127. If this happens, the market may go further up and may end up a white bar or at least in the early part of the trading day.
2) If the market opens between 2089 to 2099. Sell after the market has passed down the level between 2079 to 2084. If the market manages to pass down the levels between 2073 to 2078, the market may fall further.
3) If the market opens between 2065 to 2083. 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 up to you guys......how do I know anyway.
5) Please refer to my postiong dated 12th January ( see # 6)


If you are not sure, just contact your dealer but not your maid....she is more interested in going back to her country, be it Indonesia or Philiphines...

Have a nice trading day guys.


P/s. Netanyahu, the PM of Israel, says he is ready to attack Iran at any time. When it comes to Iran, Israel is just like Nato ( No action, talk only)


3-8.40am

The CPO ( Crude Palm Oil ) futures for September contract open at 2268 and closed at 2336 yesterday. The highest was at 2340 and the lowest was at 2267. The market ended higher with a white bar.


The market open at 2268, immediately dropped a point to 2267 , the lowest of the day, and
then moved up to 2315 before closing at 2315 again before lunch. In the afternoon, the market kept moving up to the highest of the day at 2340 before finally settling down at 2336. ( see enclosed graph ).

If you look at my forecast yesterday ( see #1), the market open exactly at 2268 and managed to beat up the levels 2291 to 2296 at about 10.40a.m. If you were to place a buy position here as suggested, you would probably have made profits from 15 to 20 points just before lunch and had you decided to prolong in the afternoon, the profits could be from 15 to 50 points. How about me ? You may ask. Well, if you could regain your loss on the day before yesterday plus some profits, what more can you say. The market did beat up the levels between 2304 to 2310 ( see #1 ) and also move further up.


Have a nice trading day, guys....


P/s ......????

8-9.50a.m.

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 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.

Yesterday the August contract was the new active month for CPO futures which ended lower with a white bar. On the whole, the market is said to be in bearish position now.

Today

In the very very short run, the market is still bullish. So my forecast for today's market is as follows;

1) If the market opens between 2538 to 2593. Buy after the market has retraced 13 points from the opening level. Be careful if the market's fall is in a very fast mode. If the market manages to beat up the level between 2608 to 2615, the market may go further up especially if the opening is more towards the upper part of the 2538-to-2593 levels. Make sure the 13 points range do not exceed these levels when the market opens. If the market manages to beat down the levels between 2500 to 2508, the market may fall further especially if the market opens more towards the lower part of the 2538-to-2593 levels. Make sure when the market opens the 13 points range do not be in these levels.
2) If the market opens between 2594 to 2603. Buy after the market has passed up the levels between 2608 to 2615.
3) If the market opens between 2528 to 2537. Sell after the market has passed down the levels between 2516 to 2523. The market may fall further if the levels between 2500 to 2508 are breached and a black bar may be formed today or at least in the early part of the trading day.
4) If the market opens between 2503 to 2523. Sell after the market has moved up a bit and then falls 5 points below the opening level. See also the bold letters as in # 3 ( if the market opens between 2513 to 2523 )
5) If the market opens other than the above, it is your call........
6) Trendlines?...If you are fimiliar with trendlines, look for 3 tops or 3 bottoms.
7) See also # 6 ( posting dated 12th january 2009 )


Well, if you are not sure......then you are not sure....

Have a nice trading day , guys...


P/s......????

10.00 am- 4

Yesterday the market open and closed at the same level, that was at 2660. In Japanese candlestick the bar is called doji. When the market opens and closes at the same level, the market is said to be in indecisive position. So, will today's market be indecisive situation as well?

The market has managed to achieve its highest point for the past six months at 2648 and will this level be able to be broken is yet to be seen. Some analysts have also predicted that the CPO futures prices would be linggering at 2600's level at this year around. Whether the market will move further upwards or downwards drastically is hard to forecast.

Wednesday - 1st April 2009

Friday - 20th March 2009

7 minutes. ( see C to H ) and closed just before

Friday - 27th February 2009

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Thursday - 12th February 2009
8.30 a.m. - Malaysian Time
9.00 a.m. - A little bit of updating


The CPO ( crude palm oil ) futures for April's contract open at 1940 and closed at 1925 yesterday. The highest was at 1967 and the lowest was at 1916. It was a black bar ( or rather a blue bar ).

If you look at the chart, the market has been moving upwards for the past six days except for yesterday. Does this indicate that the market will be a black ( or rather blue ) bar today? Will the swing strategy be operational ? ( see my previous postings on swing strategy )

Today

In the long run , the market is said to be bullish but the very very short run, the market is now in the bearish situation. My forecast for today ;

1) If the market opens between 1926 to 1951. Sell after the market
has moved up 8 points from the opening level. If the market beats down the level between 1908 to 1915,the market will go down further especially if the the market opens more towards the lower part of the 1926 to 1951 levels. If the market manages to beat up the levels between 1965 to 1969, the market may go up further especially if the market opens more towards the upper level of the 1926 to 1951 levels. If you make any profits, just lock them up.
2) If the market opens between 1952 to 1961. Buy after the market has moved up and beats the level between 1965 to 1969. Any profits , just lock them up.
3) If the market opens between 1916 to 1925. Sell after the market has moved down beating the levels between 1908 to 1915.
4) If the market opens between 1973 to 1987. Buy after the market has fallen a bit and then moves up 5 points above the opening level.
5) If the market opens between 1890 to 1915. Sell after the market has moved up a bit and then moved down beating 5 points below the opening level.
6) If the market opens other than the above, it is your call. You can do whatever you like.
7) Trendlines.....any one ?
8) Please refer to #6, 12th January's posting.


That's about it. Please be informed that there are many other strategies that can be used in this market but the strategy shown above is one of them.

As usual, if you are not sure, do contact your broker/dealer or may be you can contact Tzipi Livni or Benjamin Netanyahu for more information. Do you think these species will help you?

Have a nice trading day, guys.

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Tuesday - 3rd February 2009

Thursday - 29th January 2009
8.45 a.m. - Malaysian Time
9.20 a.m. - A little bit of updating


The market for the past few days have been juggling and, some say, it is in the consolidating phase. It also means that the market is in the situation of having no clear direction. The market may start to move to a clearer direction if a certain level is broken out, most probably if the market opens below 1750.

Today

In long and short term, the market is still in the bearish situation. So is the very very short term. The forecast for today;

1) If the market opens between 1782 to 1814. Sell after the market has moved up at least 7 points after opening. Make sure this 7 points and above do not beat up the level 1814. Do not forget your stop loss. If the market manages to beat up the levels between 1815 to 1821, the market may go further up. Any profits, just lock them up.If the market manages to beat down the levels between 1773 to 1778, the market may go further down.
2) If the market opens between 1757 to 1781. Sell after the market has moved up a bit and then falls 5 points below the opening level.
3) If the market opens between 1815 to 1840. Buy after the market has dropped a bit and then moves up 5 points above the opening level.
4) If the market opens below 1750. The market may fall further down and a black bar may be formed today or at least in the early part of the trading day.
5) If the market opens other than the above, I do not know guys, it is your call. I still cannot figure out on how to enter the market even in this new year, may be next year, I guess.
6) Please refer to my posting dated 12th January 2009 ( see # 6 )

Well, that is it. If you are not sure, just consult your dealer/broker.......never to consult the Vice President of USA, he is a hard core Jew, never compromise with others.

To those who celebrate Chinese new year. Happy Chinese New Year - sorry, a belated one - better be late than never.

Have a nice trading day guys!!!!
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