Monday 28 February 2011

CPO Futures Sell If 6pm 3445 Or Lower

CPO Futures hourly indicator will turn sell if 6pm palm oil futures is closed at 3445 or lower, which the sell signal however is adjusted lower.

CPO Futures Sell If 5pm 3464 Or Lower

CPO Futures hourly indicator will turn sell if 5pm palm oil futures at 3464 or lower which the turn sell signal is getting higher now.

SGS February Palm Oil Export 1.08m MT

SGS put palm oil export for the month of February at 1.09m metric tons vs 1.2m metric tons last month.

CPO Futures Sell If 4pm 3433 Or Lower

CPO Futures hourly indicator will only turn sell if 4pm palm oil futures at 3433 or lower which is still more than 100 ticks away from current price.
Eye on SGS palm oil export data.

Intertek February Palm Oil Export 1.11m MT

Intertek, cargo surveyor, put palm oil export for the month of February at 1.11m metric tons vs 1.24m metric tons last month.

Profits Targets 3550 And Above

CPO Futures hourly profit targets 3550 and 3570 was done at opening, next target is 3590 and 3610.

Friday 25 February 2011

CPO Futures Sell If 6pm 3395 Or Lower

CPO Futures hourly indicator will only turn sell signal if 6pm palm oil futures is closed at 3395 or lower, even though the sell price signal 3395 has been adjusted higher compared to 3378 at 5pm.
Target is still remained at 3550 and above.

CPO Futures Sell If 5pm 3378 Or Lower

CPO Futures hourly indicator will remain buy 3450 with target profit at 3550 and above unless palm oil futures can drop to 3378 or lower.

SGS Palm Oil Export 957k MT

SGS palm oil export for Feb 1-25 period is 957k metric tons vs 1.018m metric tons last month.
Based on CPO Futures hourly indicator, it is believed that 4pm will be remained buy signal.
Target profits start 3550.

Palm Oil Sell If 1230pm 3348 Or Lower

Judging on this month's accumulated profit of 213 ticks or RM5,325.00 as of 24th February at 5pm and CPO Futures hourly indicator will only turn sell if 1230pm 100 over ticks below from the current price, palm oil futures will remain very volatile for next month CPO Futures hourly indicator and the profit should be good again.

Intertek Palm Oil Export 973k MT

Intertek palm oil export is 973k metric tons for the Feb 1-25 period vs 1.06m metric tons last month.

Thursday 24 February 2011

CPO Futures Buy 3450 At 5pm

CPO Futures hourly indicator took profit and turned buy 3450 at 5pm. However, the profit had been less ( only 63 ticks ) if we purely followed the indicator without setting a profit target.
CPO Futures hourly indicator will cut loss and turn sell if 6pm palm oil futures is closed 100 ticks below the buying 3450, that is 3350 or lower.

CPO Futures Buy If 5pm 3378 Or Higher

CPO Futures hourly indicator almost turned buying at 4pm (above 3404) based on low 3336. However, it will turn buy if 5pm at 3378 or higher.
Target profits at 3413, 3393 and 3373 seemed to be a right choice ( actually 3353 also, even though 3333 next target not get hit ) .

CPO Futures Buy If 4pm 3455 Or Higher

CPO Futures hourly indicator will turn buy if 4pm palm oil futures at 3455 or higher, based on low 3397; otherwise, remain sell 3513 even though it is now in oversold zone.
Target profit taking can start at 3413, 3393 and 3373 for today.

Stop Loss Order Not At Opening

Never place a stop loss order at market opening. Stop order should only be placed after CPO Futures market opens. If stop order is placed before market opens, it may be artificially triggered. For example, if you place yesterday buy stop at 3548 before market open at 1030am today, your stop order will be triggered unnecessarily.

Palm Oil Conference 2011

Bursa Malaysia Palm Oil Conference 2011, POC 2011, will be on 7-9 March 2011 at Shangri-La Hotel in Kuala Lumpur.

Palm Oil Buy If 1130am 3562 Or Higher

CPO Futures hourly indicator will cut loss and turn buy if 1130am palm oil futures at 3562 or higher, based on low 3503.

Wednesday 23 February 2011

CPO Futures Buy If 6pm 3573 Or Higher

CPO Futures hourly indicator buy signal is adjusted lower to 3573 for 6pm close. Remain sell 3513 with buy stop order at 3548.

CPO Futures Buy If 5pm 3583 Or Higher

CPO Futures hourly indicator will remain sell 3513 unless 5pm palm oil futures hits above 3582.

Palm Oil Buy If 1230pm 3583 Or Higher.

CPO Futures hourly indicator had turned sell at 3513 at 1130am with huge losses of 162 ticks if there is not risk management on protective sell stop order at 3649 yesterday.
CPO Futures hourly indicator will cut loss and turn buy if 1230pm palm oil is closed at 3583 or higher.

Palm Oil Sell If 1130am 3644 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures is at 3644 or lower at 1130am today.
Those traders who have put a stop sell order at 3649 yesterday ( based on the previous post ) can now protect some losses since CBOT soybean oil tumbled overnight.

Tuesday 22 February 2011

CPO Futures Sell If 6pm 3631 Or Lower

CPO Futures hourly indicator will only turn sell if 6pm palm oil futures is closed at 3631 or lower, which has been kept adjusting lower. Therefore, it is believed that CPO Futures hourly indicator will remain buy signal at 6pm.


CPO Futures Sell If 5pm 3641 Or Lower

CPO Futures hourly indicator remained buy until 4pm even though it kept trading below its buying level 3675.
CPO Futures hourly indicator will cut loss and turn sell if 5pm palm oil futures is at 3641 or lower today.

CPO Futures Sell If 4pm 3642 Or Lower

CPO Futures hourly indicator will remain buy 3675 unless 4pm palm oil futures is at 3642 or lower.
Technically, sell stop order at 3649 had been triggered if traders placed the order based on earlier post comment that did not want to risk for another hour.

Palm Oil Sell If 1130am 3642 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures is closed 3642 or lower at 1230pm today, which the sell signal keeps adjusting lower. Sell stop order may be placed at 3649 for this hour if traders do not wish to risk for another hour.

Palm Oil Sell If 1130am 3646 Or Lower

CPO Futures hourly indicator will only cut loss and turn sell if 1130am palm oil futures at 3646 or lower.

Monday 21 February 2011

CPO Futures Sell If 6pm 3649 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if 6pm palm oil futures is closed below 3650.

CPO Futures Sell IF 5pm 3666 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if 5pm palm oil futures at 3666 or lower.

SGS Palm Oil Export 812k Vs 800k MT

SGS put palm oil export for February 1-20 at 812k metric tons.

CPO Futures Buy 3675 At 1230pm

Again, CPO Futures hourly indicator cut loss and turned buy signal 3675 at 1230pm this afternoon with a loss of 12 ticks. The accumulated profit is 312 ticks or RM7,800.00 per contract for February as of 1230pm today, and still have another 5 trading days to go.
CPO Futures hourly indicator will cut loss and turn sell if palm oil futures can go to 3666 and lower at 4pm today.

CPO Futures Sell 3663 At 1130am

CPO Futures hourly indicator will cut loss and turn buy if 1230pm is closed at 3670 or higher.
Technically, stop loss order had reduced about 33 ticks of unnecessary losses ( 3696-3663 ).
Eye on SGS palm oil export later afternoon.

Intertek Palm Oil Export 825k Vs 853 MT

Intertek has just released palm oil export for the 1-20 February at 825k metric tons.

Palm Oil Sell If 1130am 3688 Or Lower

If traders placed the sell stop order at 3696 last Friday, the further losses may have been protected today.
CPO Futures hourly indicator will cut loss and turn sell if 1130am at 3688 or lower for crude palm oil futures today.

Friday 18 February 2011

CPO Futures Sell If 6pm 3675 Or Lower

CPO Futures hourly indicator will remain buy signal unless palm oil futures can close 3675 and below at 6pm.
Technically, sell stop order can be placed at 3696 to protect from further losses if sell down is persistent.

CPO Futures Sell If 5pm 3683 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures at 5pm hit 3683 or lower.

Palm Oil Sell If 1230pm 3665 Or Lower.

CPO Futures hourly indicator will cut loss and turn sell if 1230pm at 3665 or lower.

CPO Futures Buy 3721 At 6pm Yesterday

CPO Futures hourly indicator turned buy at 6pm yesterday with a profit of 219 ticks (artificially extra about 40 ticks due to change of month).
CPO Futures hourly indicator will cut loss and turn sell if palm oil futures can sell down below 3676 at 1130am today.

Thursday 17 February 2011

CPO Scale Down Buying From 3694

CPO Futures hourly indicator will turn buy signal if 6pm at 3718 or higher, based on low 3648.
For risk taker - Technical cpo futures hourly can scale down buy at 3694, 3684, 3674 and so on, and take profit when market rebound to turn buy signal or at your own discretion for profit take.

CPO Futures Buy If 5pm 3762 Or Higher

CPO Futures hourly indicator turn buy signal is getting lower to 3762 for 5pm. This is based on low 3682.

CPO Futures Buy If 4pm 3811 Or Higher

CPO Futures hourly indicator will turn buy if palm oil futures at 4pm can go above 3810, which had been adjusted much lower as compared at 3850 at 1230pm earlier.

Palm Oil Buy If 1230pm 3850 or higher

CPO Futures hourly indicator hit the 2nd profit target at 3734.
Profit taking target normally up to individuals who want to maximise profit and protect unnecessary loss, thus this blog only suggests a protective loss while profit taking is up to readers and traders to decide.
CPO Futures hourly indicator will turn buy at 1230pm if palm oil futures hit above 3850.

Palm Oil Buy If 1130am 3874 Or Higher

CPO Futures hourly indicator will only turn buy signal if 1130am palm oil futures hit 3874 or higher which is more than 100 ticks away from yesterday closing price 3745. Thus, it is believed that at 1130am CPO Futures hourly indicator will remain sell signal.

Wednesday 16 February 2011

Intertek 637k SGS 610k

Cargo surveyors from Intertek Agri Services and SGS (Malaysia) Bhd gave February palm oil export for the first 15 days at 637k and 610k metric tons respectively.
(Refer to the page of cpo data ).

First Profit Target 3834

Due to change of third contract month after February expired, CPO Futures hourly indicator artificially hit the first profit at 3834 ( price even lower to below 3800 ).
Based on the palm oil futures price now, it is believed that CPO Futures hourly indicator will be very difficult to turn buy signal especially for this morning ( even afternoon ) trading session.

Monday 14 February 2011

CPO Futures Sell 3934 At 5pm

CPO Futures hourly indicator finally turned sell at 3934 at 5pm with a loss of 9 ticks.
CPO Futures hourly indicator will cut loss and turn buy again if 6pm palm oil futures is closed at 3946 or higher today.

CPO Futures Sell If 5pm 3936 Or Lower

CPO Futures hourly indicator will turn sell if 5pm palm oil futures hit 3936 or lower.
Again, CPO Futures hourly indicator almost turned sell signal at 4pm with just 1 tick shy away from 3935 sell signal ( refer previous update ).

CPO Futures Sell If 4pm 3935 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if 4pm palm oil futures at 3935 or lower
CPO Futures hourly indicator almost turned selling at 1230pm which was just 1 tick away of the selling signal at 3922 ( palm oil futures 1230pm closed at 3923 ).

Palm Oil Sell If 1230pm 3922 Or Lower.

CPO Futures hourly indicator will remain buy 3943 unless 1230pm palm oil futures hit 3922 or lower.

Palm Oil Sell If 1130am 3912 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if 1130am palm oil futures hit 3912 or lower, based on high 3967.

Friday 11 February 2011

CPO Futures Sell If 6pm 3921 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures hit 3921 or lower at close today at 6pm.

CPO Futures Buy 3943 At 4pm

CPO Futures hourly indicator cut loss and turned buy at 3943 at 4pm just now. Its stop and reverse sell signal for 5pm is 3920 or lower, mean CPO Futures hourly indicator will turn sell signal again if palm oil futures hit 3920 or lower at 5pm.

CPO Futures Buy If 4pm 3936 Or Higher

CPO Futures hourly indicator will cut loss and turn buy if palm oil futures hit above 3935 at 4pm .

CPO rally closer to its end: Credit Suisse

The Malaysian palm oil rally could be closer to its end as higher prices may hurt demand for the edible oil, Credit Suisse Group AG said in a report today.

During the commodity rally of 2008, palm oil prices remained above RM4,000 per metric ton just for two days, Tan Ting Min, an analyst at Credit Suisse, said.

Palm oil futures, where foreign participation is at a record high, is vulnerable to “profit-taking,” she said. -- Bloomberg

Palm Oil Buy If 1130am 3948 Or Higher

CPO Futures hourly indicator will remain its selling 3935 unless palm oil futures can hit 3948 and above at 1130am today.

Thursday 10 February 2011

CPO Futures Buy If 6pm 3966 Or Higher

Since turning buy signal only if above 3965 at 6pm, CPO Futures hourly indicator will seem be holding sell at 3935 until market close.

SGS Palm Oil Export 426k MT

SGS put palm oil export in the first 10 days of February at 426k metric tons as compared last month data at 332k metric tons, up 28.5%.

MPOB Palm Oil Stock Down

MPOB palm oil stock is down 12 over percent at 1.42m metric tons. Production at 1.06m metric tons.
CPO Futures hourly indicator took profit and turned sell 3935 at 1230pm today. It will cut and turn buy if palm oil futures hit 3950 and above at 4pm later today.

Palm Oil Sell If 1130am 3937 Or Lower

CPO Futures hourly indicator failed to reach its profit target. If 1230pm palm oil futures hit below 3938, sell signal will be triggered.

Intertek Palm Oil Export 437k MT

Intertek put February first 10 days palm oil export at 437k metric tons, higher by 45 over percent as compared last month figures.

DJ Market Talk

0213 GMT [Dow Jones] BMD CPO Futures are tipped to open 20-30 points
higher due to a bullish outlook for corn and soyoil in the USDA's WASDE report
released yesterday, with Dalian and CBOT counterparts as well as crude oil
positive, says an executive at Kuala Lumpur-based brokerage; he adds "exports
look quite good, too, and demand-supply fundamentals are supportive." He tips
MYR4000/ton to be tested today. The Malaysian Palm Oil Board is due to release
output and export data for January today, while cargo surveyors Intertek and SGS
will release Feb. 1-10 export estimates. Traders estimate that Malaysia's palm
oil exports for Feb. 1-10 may be around 430,000 million metric tons, up almost
30% from SGS's estimates for Jan. 1-10 and 43% from Intertek's. The benchmark
April contract on the Bursa Malaysia Derivatives ended 1.1% higher at
MYR3,931/ton yesterday. CBOT March soyoil ended 1.7%, higher at 59.74 cents/lb;
the contract is trading 4 points higher on e-CBOT.

Palm Oil Sell If 1130am 3911 Or Lower

CPO Futures hourly indicator will turn sell signal if 1130am at 3911 or lower, based on high 3948.
First profit target 3990 since the indicator is reaching highly overbought zone.

Wednesday 9 February 2011

CPO Futures Sell If 6pm 3892 Or Lower

Based on high 3938, CPO Futures hourly indicator will turn sell if palm oil futures is closed at 3892 or lower today.
Eye on Malaysia first 10 days CPO export due to be released by palm oil cargo surveyors Intertek and SGS tomorrow.

CPO Futures Sell If 5pm 3884 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if 5pm at 3884 or lower which has been slowly adjusted higher as compared to 4pm indicator at 3870 earlier.

CPO Futures Sell If 4pm 3870 Or Lower

Based on high 3929, CPO Futures hourly indicator will cut loss and turn sell if 4pm palm oil futures hits 3870 and below.

Palm Oil Sell If 1130am 3854 Or Lower

CPO Futures hourly indicator cut loss and turned buy 3890 at 6pm yesterday.
CPO Futures hourly indicator sell if palm oil futures hit below 3855 at 1130am today.

Tuesday 8 February 2011

CPO Futures Buy If 6pm 3879 Or Higher

CPO Futures hourly indicator will cut loss and turn buy if palm oil futures is closed 3879 or higher at 6pm.
The turn buy signal is getting lower.

Dow Jones News On BMD CPO futures Recoups Early Losses

0823 GMT [Dow Jones] BMD CPO futures recover some of their early losses as
crude and soyoil futures reverse overnight falls; fundamentals also support with
traders now expecting a 16% on-month drop in Malaysia's January palm oil output,
a tad larger than previously thought, a Kuala Lumpur-based brokerage executive
says. Still, the market will likely remain in its recent MYR3,825-MYR3,880/ton
range until the Dalian futures bourse reopens tomorrow; the trader adds fresh
cues are also expected from MPOB and USDA data due this week. Benchmark April
CPO is MYR18 lower at MYR3,850/ton, off an intraday low of MYR3,816/ton.

CPO Futures Buy If 5pm 3887 Or Higher

Judging on the rebound of palm oil futures, the profit target at 3710 seems to be hard to reach.
CPO Futures hourly indicator will still remain holding sell unless 5pm palm oil futures go above 3886.

CPO Futures Buy If 4pm 3902 Or Higher

CPO Futures hourly indicator turn buy signal is getting higher at above 3900 for 4pm. Therefore, it is believed that the indicator will remain holding sell 3870 at 4pm and start looking on its profit targets.

Palm Oil Buy If 1130am 3888 Or Higher

CPO Futures hourly indicator will cut loss and turn buy if palm oil futures can hit 3888 or higher at 1130am.

Monday 7 February 2011

CPO Futures Buy If 6pm 3886 Or Higher

CPO Futures hourly indicator will cut loss and turn buy if 6pm at 3886 or higher.

CPO Futures Buy If 5pm 3889 Or Higher

CPO Futures hourly indicator took profit 161 ticks and turned sell at 4pm at 3670.
If palm oil futures 5pm at 3889 or higher, CPO Futures hourly indicator will cut loss and turn buy.

CPO Futures Sell If 4pm 3882 Or Lower

CPO Futures hourly indicator will take profit and turn sell if 4pm at 3882 or lower, based on high 3915.
CPO Futures hourly indicator could not sustain above the 200 tick profit target. However, it will be a good trade with profit over 100 ticks.

Palm Oil Sell If 1230pm 3869 Or Lower

CPO Futures hourly indicator will take profit and turn sell if 1230pm palm oil futures hit below 3870.

Palm Oil Sell If 1130am 3840 Or Lower

CPO Futures hourly indicator hit 200 ticks profit target at 3909 after turning buy at 3709 on 27 January.
CPO Futures hourly indicator will turn sell if 1130am at 3840 or lower, based on high 3910.

Wednesday 2 February 2011

Palm Oil Will Remain Buy At Close

Based on high 3910, CPO Futures hourly indicator will remain buy unless 1230pm below 3820.

Happy Chinese New Year

GONG XI FA CAI to all crude palm oil futures traders and readers, wishing you all have a wonderful and prosperous Chinese New Year.
As Bursa Malaysia Derivatives is only have trading at morning session today, CPO Futures hourly indicator will only turn sell signal at low end which below 3730 for 1130am, based on high 3809.