Thursday 30 December 2010

Palm Oil Futures Buy 3763 At 5pm

CPO Futures hourly indicator took a very small profit and turned buy 3763 at 5pm just now. It sold 3765 on 28 Dec at 1130am. ( refer back the "CPO Hourly Indicator" page )
CPO Futures hourly indicator will cut loss and turn sell if 6pm at 3744 or lower.
Accumulated profit for this month is 367 ticks if there is no turning sell signal at 6pm close.

Palm Oil Buy if 5pm 3756 or higher

CPO Futures hourly indicator will turn buy if 5pm at 3756 or higher, which is now getting near to turn buy signal. Accumulated profit for this month will be looking very good and will be the best of all months in this year of 2010.

Palm Oil Buy if 4pm 3774 or higher

CPO Futures hourly indicator will cut loss and turn buy if 4pm at 3774 or higher.

Palm Oil Buy if 1230pm 3778 or higher

Judging on the level now, CPO Futures hourly indicator will not be easily turning buy signal at 1230pm and 4pm even 5pm, unless palm oil futures price can go above 3750 at that time respectively.

Palm Oil Futures Buy if 1130am 3780 or Higher

CPO Futures hourly indicator will remain sell unless 1130am at 3780 or higher.
Prime Minister Datuk Seri Najib Razak has announced 31st December 2010, Friday,  as a public holiday to celebrate the national football team’s win at the Asean Football Federation (AFF) Suzuki Cup 2010 championships.
Yes, our Harimau Malaya ( Malayan Tiger ) finally roared on to victory, congratulation!!!

Wednesday 29 December 2010

Palm Oil Buy if 6pm 3783 or higher

CPO Futures hourly indicator will cut loss and turn buy only if 6pm close at 3783 or higher today.

CPO Futures Will Remain Sell Signal

CPO Futures hourly indicator will still remain sell signal even 4pm at high 3792.

Palm Oil Futures Will Remain Sell Signal

CPO Futures hourly indicator will remain sell as the indicator will not turn buy even close at high 3792 at 1230pm.

Palm Oil Buy if 1130am 3783 or higher

CPO Futures hourly indicator will cut loss and turn buy if 1130am at 3783 or higher; otherwise remain selling at 3765.

Tuesday 28 December 2010

Palm Oil Buy if 6pm 3782 or higher

CPO Futures hourly indicator almost cut loss and turned buy at 5pm, with just 1 tick below 3783.
Now it will turn buy if 6pm at 3782 or higher.

Palm Oil Buy if 5pm 3783 or higher

CPO Futures hourly indicator will cut loss and turn buy if 5pm at 3783 or higher.

Palm Oil Buy if 4pm 3786 or higher

CPO Futures hourly indicator will cut loss and turn buy if 4pm 3786 or higher.
The accumulated profit over 300 ticks in this month may be the best of all months in this year.

Palm Oil Futures Sell 3765 at 1130am

CPO Futures hourly indicator take profit and turn sell 3765 at 1130am with a profit of 233 ticks.
CPO Futures hourly indicator will only cut loss and turn buy if 1230pm at 3788 or higher.

Palm Oil Sell if 1130am 3756 or lower.

Based on high 3767, CPO Futures hourly indicator will take profit and turn sell if 1130am at 3756 or lower for palm oil futures price.
It will be another good profit for this trade with more than 200 ticks if follow the hourly indicator.

Monday 27 December 2010

Palm Oil Sell if 6pm at 3738 or Lower

CPO Futures hourly indicator will take profit and turn sell if 6pm at 3738 or lower, based on high 3751.

SGS and Intertek Palm Oil Export

Cargo surveyor SGS (Malaysia) Bhd said palm oil exports Dec. 1-25 was 24% lower at 1.04 million metric tons compared with the same period a month earlier.
Another surveyor, Intertek Agri Services, Saturday estimated exports for the period at 1.0 million tons, also down 24%.

Palm Oil Sell if 5pm 3730 or lower.

CPO Futures hourly indicator will take profit and turn sell if 5pm at 3730 or lower, based on high 3751.
This morning the indicator did not turn sell with palm oil futures keep traded higher.

Palm Oil Futures Sell if 1130am 3664 or lower.

CPO Futures hourly indicator will take profit and turn sell if 1130am at 3664 or lower, based on the high of 3677. The hourly indicator buying level at 3532 since 20 Dec at 4pm.

Thursday 23 December 2010

Palm Oil Sell if 6pm 3650 or lower.

CPO Futures hourly indicator will turn sell if 6pm close at 3650 or lower, based on high 3676.
The indicator has another good round of trade with huge profit and this month accumulated profit seems to be the best of past 12 months.

News about fundamentals remain supportive with poor weather in Malaysia and Indonesia especially at palm oil growing areas may affect output this month. Eye on Dec. 1-25 palm oil export estimates from SGS and Intertek
Agri Services after Christmas Holiday are likely to continue showing a lower figure, but the lower output should counter the impact.

Monday 20 December 2010

Palm Oil Sell if 6pm 3492 or lower.

CPO Futures hourly indicator will sell if 6pm 3492 or lower.
( Just my feel...market seems will be selling down at close. )

Palm Oil Sell if 5pm 3495 or lower.

CPO Futures hourly indicator will turn sell if 5pm at 3495 or lower. It turned buy 3542 at 4pm just now, with a profit of 187 ticks against selling at 3719 on 14 Dec at 5pm.

SGS Palm Oil Export 799k MT for Dec 1-20

Cargo surveyor SGS (Malaysia) Bhd said Malaysia's palm oil exports Dec. 1-20 fell 27% compared with the same period last month, at 799,071 metric tons today.

Palm Oil Buy if 4pm 3509 or higher

CPO Futures hourly indicator will turn buy if 4pm at 3509 or higher. Eye on SGS palm oil export later afternoon.
Assume 4pm buy 3509, cpo hourly indicator will sell if 5pm 3502 or lower. Judging on a good profit this round, more careful trading must be taken. Refer Dec 16 update:

...If the profit is huge for the selling based on the hourly indicator, the palm oil market looks "toppish" for the next 2 weeks, and further sell down is possible.

Intertek palm oil export 777k MT for Dec 1-20

Cargo surveyor Intertek Agri Services said Dec. 1-20 palm oil exports fell 26% from a month earlier to 776,910 metric tons.

Intertek estimated Nov. 1-20 shipments at 1.05 million tons. Another surveyor, SGS (Malaysia) Bhd., is due to issue its Dec. 1-20 export estimates later today.

Palm Oil Buy if 1230pm 3510 or higher

CPO Futures hourly indicator will turn buy if 1230pm at 3510 or higher with a handsome but artificial profit of more than 200 ticks due to change of month contract.
Assume 1230pm at 3510 and the indicator turns buy, the indicator will turn sell if 4pm at 3506 or lower.

Merry Christmas and Happy New Year

Dear readers, here is my early greetings message:

Wishing you & all your loved ones a
Blessed Christmas,
and may 2011 bring with it
Good Health, Happiness, Peace & Fulfilment!

Thursday 16 December 2010

Palm Oil Futures Hit 3700s

CPO Futures trading on Bursa Malaysia Derivatives pushed 200 over points above 3700 but sold down 150 over points from the new high of the year in such a short period may indicate that the high volatility of crude palm oil futures will drive players to trade more aggressively.
As the change of month with big discount after expiry of December contract month, the cpo hourly indicator will be much affected with selling 3719 in February contract month incur an extra artificial profit overnight from the March contract month if we just blindly follow the 3rd Active contract month. Therefore, when indicator turns buy again, the short position in February contract must be covered in February contract, not March contract only; otherwise, the position will become a spread position.
If the profit is huge for the selling based on the hourly indicator, the palm oil market looks "toppish" for the next 2 weeks, and further sell down is possible.

Friday 3 December 2010

Palm Oil Buy if 6pm 3521 or higher

CPO Futures hourly indicator will cut loss and turn buy if 6pm at 3521 or higher. Please read the last few updates about global palm oil output to keep abreast with some important fundamentals for medium to long term views by those palm oil industry experts.

Palm Oil Buy if 5pm 3528 or higher

CPO Futures hourly indicator will cut loss and turn buy if 5pm at 3528 or higher.

Global Palm Oil Output

Global palm oil output for year 2010 reaches 46.1 million tons according to news headline from DJ News, rising only 1 million tons compared to last year figures, as quoted by Mr Thomas Mielke from Oil World in Bali Conference.
He foresees global palm oil output for year 2011 may rise by 3 to 3.1 million tons.
Mr James Fry said global cpo output for year 2011 may rise more than 3.5 million tons.

Palm Oil Price Outlook ( Bali Conference )

Thomas Mielke and James Fry from Oil World and LMC International are respectively having their speeches about palm oil forecast for year 2011 in this afternoon session in Bali Conference. Click HERE for the agenda.

Palm Oil Buy if 4pm 3527 or higher

CPO Futures hourly indicator will cut loss and turn buy if 4pm at 3527 or higher.

CPO Futures Buy if 1230pm 3532 or higher

CPO Futures will cut loss and turn buy if 1230pm at 3532 or higher.
Dorab Mistry said palm oil prices to extend rally on lean output months, according to Dow Jones News from Bali Conference that will be ended today.

CPO Futures Buy if 1130am 3532 or higher

CPO Futures hourly indicator will remain sell at 3515 unless 1130am at 3532 or higher.
China palm oil consumption may rise just 1.7% to 5.9 million tons in 2010-11 according to dow jones news quoted by an executive at China Cofco Ltd.

Thursday 2 December 2010

CPO Futures Buy if 6pm 3529 or higher

CPO Futures hourly indicator will cut loss and turn buy if 6pm at 3529 or higher, otherwise remains sell 3515.

CPO Futures Sell 3515 at 4pm

CPO Futures hourly indicator sell at 3515 with a profit of 48 ticks, reducing the loss incurred over a previous trade. Accumulated loss is now 7 ticks from 55 ticks earlier.
CPO hourly indicator will cut loss and turn buy if 5pm at 3524 or higher.

CPO Futures Sell if 4pm 3518 or lower

CPO Futures hourly indicator will turn sell if 4pm at 3518 or lower, based on high 3540.
News on Indonesia's palm based products may increase 27% to 36% in value as compare to last year, given by a government official.

CPO Futures Sell if 1230pm 3515 or lower

CPO Futures hourly indicator will turn sell if 1230pm at 3515 or lower, based on the high 3540. Eye on 6th Indonesia Palm Oil Conference & Price Outlook in Bali for today and tomorrow.

CPO Futures Sell if 1130am 3478 or lower

Based on high 3500, CPO Futures hourly indicator will turn sell if 1130am at 3478 or lower. If a new high being created at the first hour of cpo futures trading, the selling price signal will be changed accordingly at about 25 ticks lower from the new high.

Wednesday 1 December 2010

CPO Futures Sell if 6pm 3477 or lower

CPO Futures hourly indicator will sell if 6pm at 3477 or lower, based on the high 3500. Eye on 6th Indonesia Palm Oil Conference & Price Outlook in Bali. Click the link HERE for the agenda.

CPO Futures Sell if 5pm 3468 or lower

Based on high 3500, CPO Futures hourly indicator will turn sell if 5pm 3468 or lower. News about bullish outlook for palm oil prices at the 6th Indonesia Palm Oil Conference & Price Outlook in Bali 1-3 December may spur more speculative positions and increase the volatility of palm oil prices.

CPO Futures Sell if 4pm 3453 or lower

CPO Futures hourly indicator will cut loss and turn sell if 4pm at 3453 or lower.

CPO Futures Buy 3467 at 1130am

CPO Futures hourly indicator cut loss and turn buy at 3467 at 1130am today. The indicator will sell if 1230pm 3456 or lower. The hourly indicator is starting with a bad trade for December.

CPO Futures Sell 3412 at 6pm Yesterday

CPO Futures hourly indicator will cut loss and turn buy if 1130am at 3442 or higher. The indicator turned selling 3412 at yesterday close. The November accumulated profit is 172 ticks, being reduced by 109 ticks of losses in just last 2 trades, otherwise it will have a total of 281 ticks of profit for November. However, it is considered a good month of profits.