Happy Labour Day 2011

Happy Labour Day to all Crude Palm Oil Futures players.

Bursa Malaysia Derivatives will be closed on 1st May 2011, Monday, as a public holiday.

CPO Futures Buy If 6pm 3360 Or Higher

CPO Futures hourly indicator will cut loss and turn buy if palm oil futures price is traded 3360 and above at 6pm market close.

Buy Stop order is still remained at 3377, and will do a reverse buy if palm oil futures price is closed 3360 as the above stated.

CPO Futures Buy If 5pm 3270 And Above

CPO Futures hourly indicator will remain sell 3352 unless palm oil futures is traded 3370 and above.

Buy Stop order may be placed at 3377.

CPO Futures Buy If 4pm 3275 Or Higher

CPO Futures hourly indicator will remain sell 3252 unless palm oil futures price is traded 3275 and above at 4pm.

Palm Oil Futures Sell 3252 At 1130am

CPO Futures hourly indicator will cut loss and turn buy again if 1230pm palm oil futures price is closed 3375 and above. It had just turned selling 3352 at 1130am.

CPO Futures hourly indicator accumulated profit for this month is regarded as a good result, seeing above 200 ticks per contract size even though the last trade may have dragged down by 56 ticks of loss.

Palm Oil Sell If 1130am Below 3300

As for yesterday, CPO Futures hourly traders who had put a Sell Stop order at 3293 had saved some losses due to taking no risk on overnight positions when palm oil futures price was traded below the buying price 3308 to a certain level.

CPO Futures hourly traders who hold the buying position may have to take a bitter pill today by waiting until 1130am to do Stop and Reverse position or wait to do Sell Stop 3273 LIMIT 3268 order. If CPO Futures market is opened below 3268, then selling 3268 or better will be the Sell Limit order.

CPO Futures hourly indicator will cut loss and turn sell at 1130am today as long as the palm oil futures price is traded 3299 and lower.

CPO Futures Sell If 6pm 3291 Or Lower

CPO Futures hourly indicator will remain buy unless palm oil futures price is closed below 3292 at 6pm.

Sell Stop order is remained at 3293 for traders who do not wish to take overnight risk.

CPO Futures Remained Buying 3308 At 4pm

CPO Futures hourly indicator will remain buying 3308 unless palm oil futures price is traded below 3288 at 5pm.

Sell Stop order to protect from further losses may be placed at 3293.

CPO Futures first profit target may be placed at 3358 for today.

CPO Futures Buy 3308 At 1230pm

CPO Futures hourly indicator took 55 ticks profit and turned buy 3308 at 1230pm on its July contract month, 3rd contract month, that is the bench mark and most active contract month on crude palm oil futures trading on Bursa Malaysia Derivatives.

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures price is traded 3293 or lower at 4pm today.

News from Bloomberg quoted China will continue buying Malaysia palm oil in "Big" quantities as said by Chinese Premier Wen Jiabao who is in Malaysia for official visit.

Palm Oil Futures Buy If 1230pm 3301 Or Higher

Based on low 3277, CPO Futures hourly indicator is adjusting its turning buy signal lower. It will take profit and turn buy if palm oil futures price is closed above 3300 at 1230pm today.

Current price is already above 3300, thus it is possible that CPO Futures hourly indicator will turn buy signal at 1230pm unless there is sentiment of selling down to 3300 and below which is not the concern under this blog which is mainly concentrate on simple technical analysis.

Palm Oil Buy If 1130am 3319 And Above

CPO Futures hourly indicator will remain sell 3363 for the balance positions that have not hit their profit targets yet and will turn buy if palm oil futures price is traded 3319 and above at 1130am today.

Buy Stop order may be placed at 3331 to safe guard its profit from further erosion before end of 1130am trading session.

CPO Futures Buy If 6pm 3328 Or Higher

CPO Futures hourly indicator will turn buy signal if palm oil futures is closed 3328 or higher at 6pm.

Buy Stop order now at 3328.

CPO Futures Hit Profit Target 3283

CPO Futures hourly indicator hit profit target 3283 and next profit target will be 3263 and 3238.

Based on low 3280, CPO Futures hourly indicator will only turn buy signal if palm oil futures price is traded 3338 or higher.

CPO Futures Buy If 4pm 3347 And Above

CPO Futures hourly indicator will turn buy if 4pm palm oil futures is traded above 3346.

Buy Stop order can be adjusted to 3346.

Palm Oil Futures Buy If 1230pm 3254 Or Higher

CPO Futures hourly indicator almost hit its profit target 3283 for the first hour trading session which the futures market hit low 3287 that only 4 ticks away.

CPO Futures hourly indicator will only turn buy signal if palm oil futures price is closed 3354 or higher at 1230pm today. Buy Stop order is maintained.

CPO Futures 3343 Buy Stop Order

CPO Futures hourly indicator will remain sell 3363 unless palm oil futures price is traded 3353 and above at 1130am today.

The Buy Stop order 3343 almost being triggered just 10 minutes before 6pm crude palm oil futures market closed on Bursa Malaysia Derivatives. It just 1 tick away when the futures market traded to the high of 3342.

As for today, the Buy Stop order may be adjusted higher to 3353 which is a buy signal for 1130am indicator. Even though 1130am CPO Futures hourly indicator is assuming turn buy signal, it is still a good profit maximisation strategy for this trade which had helped to take some good profit at 3313 and 3303.

CPO Futures Will Remain Sell 3363 At 5pm

CPO Futures will remain its selling position, target profit and stop loss order as there is still no buy signal 5pm.

CPO Futures Next Profit Targets Start 3283

CPO Futures hourly indicator had hit its first two profit targets at 3313 and 3303, and will place next profit targets at 3283 and 3263.

CPO futures hourly indicator will remain its BUY STOP LOSS order at 3343 to protect its short position 3363 with small profit. Its buy signal will still not show even palm oil futures price is traded at high 3384 at 4pm.

Palm Oil Futures Will Remain Sell 3363 At 1230pm

CPO Futures hourly indicator will remain sell 3363 at 1230pm as it will definitely not turn buy signal at 1230pm even it can close at high 3384. Therefore, a STOP LOSS BUY order can be placed at 3343 to protect its profit.

CPO Futures Profit Targets Start 3313 And 3303

CPO Futures hourly indicator may start at 3313 and 3303 as the first and second profit taking target against the short 3363.

CPO Futures hourly will be very hard to turn buy signal at 1130am, which at above 3380.

CPO Futures Buy If 6pm 3379 Or Higher

CPO Futures hourly indicator will remain sell 3363 unless palm oil futures is closed 3379 or higher.

CPO Futures Hourly Sell 3362 At 4pm

CPO Futures hourly indicator finally took 128 ticks gross profit and turned sell 3362 at 4pm. Accumulated profit for this month of April as of 4pm reached 235 ticks or equivalent RM5,875.00 per contract size.

CPO Futures hourly indicator will cut loss and turn buy if palm oil futures is traded 3375 and above at 5pm.

CPO Futures Sell If 4pm 3370 Or Lower

CPO Futures hourly indicator will still remain buy unless palm oil futures is traded 3370 and below at 4pm.

Palm Oil Futures Sell If 1230pm Below 3365

CPO Futures hourly indicator will take profit and turn sell if palm oil futures price is closed 3364 and lower at 1230pm, based on high 3384.

It seems that traders will miss the profit target 3385 and above.

Palm Oil Futures Profit Target 3385 And 3410

CPO Futures hourly indicator profit targets 3385 and 3410 may be placed before crude palm oil futures market open for trading today at 1030am, which will generate 150 and 175 ticks of profits respectively if get done.

CPO Futures hourly indicator will turn sell signal if palm oil futures price is traded below 3350 at 1130am today, based on high 3375.

CPO Futures Sell If 6pm 3336 Or Lower

CPO Futures hourly is seemed aiming 150 ticks profit target at 3385. Based on high 3365, CPO Futures hourly indicator will turn sell signal if palm oil futures price is closed 3336 or lower at 6pm.

CPO Futures Hourly Hit 3360 Profit Target

CPO Futures hourly indicator will turn sell signal if palm oil futures price is traded below 3330 at 5pm (based on high 3358).

Profit target 125 ticks at 3360 was traded after 4pm. Next profit target 3385.

CPO Futures Sell If 4pm 3316 Or Lower

CPO Futures hourly indicator reached another new level at 3351 which was just 9 ticks away from another profit target price of 3360.

CPO Futures hourly indicator will turn sell signal if 4pm palm oil futures price is traded below 3317, based on high 3351.

Palm Oil Futures Sell If 1130am 3297 Or Lower

Based on high 3336, CPO Futures hourly indicator will turn sell at 1130am if palm oil futures price is traded below 3298 at that time.

CPO Futures Sell If 6pm 3282 Or Lower

Based on high 3336, CPO Futures hourly indicator will turn sell signal if palm oil futures is closed at 3282 or lower at 6pm.

CPO Futures Sell If 5pm 3273 Or Lower

CPO Futures hourly indicator will turn sell if palm oil futures price is traded 3273 or lower which is kept adjusting higher now.

CPO Futures Sell If 4pm Below 3265

CPO futures hourly indicator will turn sell if palm oil futures price is traded 3264 or lower at 4pm which is at the STOP LOSS order level of 3265.

CPO Futures Hourly Sell If 1230pm 3252 Or Lower

CPO Futures hourly indicator will turn sell if palm oil futures price is closed below 3253 at 1230pm.

CPO Futures Hit 100 ticks Profit Target 3335

CPO Futures hourly indicator hit its 100 ticks profit target 3335 before yesterday's 6pm closing. Next 3360 and 3385.

CPO Futures hourly indicator will only turn sell at 1130am if palm oil futures price is traded 3236 or lower at that particular time.

STOP LOSS SELL order will be remained at 3265 to protect from any potential loss.

CPO Futures Sell If 6pm 3220 Or Lower

CPO Futures hourly indicator will only turn sell if palm oil futures is closed 3220 or lower.

Profit target 3315 was also done except 3335 which just 5 ticks away from the high 3330.

Cut loss point can be placed at 3265 now as a STOP LOSS SELL to protect profit.

CPO Futures Second Profit Target 3295

CPO Futures hourly second profit target 3295 was done at 3297, another better price by 2 ticks like first profit target price 3275 at 3278 this morning. Next 3315 and 3335.

CPO Futures hourly indicator will remain buy unless palm oil futures price is traded 3211 and below.

CPO Futures Sell If 4pm 3209 And Lower

After Intertek and SGS Malaysia palm oil export figures for the period of first 20 days in April at 612k and 639k MT being released respectively, the CPO Futures hourly indicator had reached its first profit target at 3275 and looked forward on next new profit target level at 3295 and 3315.

CPO Futures hourly indicator will seem be hard to turn sell at 4pm which palm oil futures price must be hit below 3210. Thus, Sell STOP order to cut loss can now be placed at 3245 (which will possibly be a profit still if being triggered).

CPO Futures First Profit Target 3275

CPO Futures hourly indicator first profit target 3275 was done at 3278 at opening. Next 3295 and 3315.

CPO Futures hourly indicator will remain buy 3235 unless palm oil futures price is closed 3213 or lower at 1230pm.

Palm Oil Sell If 1130am At 3221 And Below

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures price is traded 3221 or lower at 1130am today.

Profit target will start at 3275 and 3295 after turning buy at 3235 at 5pm yesterday.

CPO Futures Hourly Buy 3235 At 5pm

CPO Futures hourly indicator cut loss 6 ticks and turned buy 3235 at 5pm, and will turn sell again if palm oil futures price is closed 3231 and lower at 6pm which is only 4 ticks away from buying signal 3235.

CPO Futures Buy If 5pm 3235 Or Higher

CPO Futures hourly indicator will remain sell 3229 unless palm oil futures price is traded 3235 and above at 5pm.

Profit target may start at 3209.

CPO Futures Hourly Sell 3229 At 1230pm

CPO Futures hourly indicator cut loss 12 ticks and turned selling 3229 at 1230pm with accumulated gross profit being reduced from 125 ticks to 113 ticks.

CPO Futures hourly indicator will cut loss and turn buy again if palm oil futures is traded 3239 and above at 4pm later afternoon.

Palm Oil Futures Sell If 1230pm 3233 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if palm oil futures is closed 3233 or lower at 1230pm.

Palm Oil Sell If 1130am 3227 Or Lower

CPO Futures hourly will remain buy 3241 unless palm oil futures price is traded 3227 or lower at 1130am today.

Profit targets will be placed at 3281, 3301 and 3321.

CPO Futures Sell If 6pm 3226 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if 6pm palm oil futures is closed at 3226 or lower.

CPO Futures Sell If 5pm Below 3225

CPO Futures hourly indicator will remain buy 3241 unless palm oil price is traded 3224 or lower at 5pm.

CPO Futures Buy 3241 At 1230pm

With 133 ticks of profit taking, CPO Futures hourly indicator had done a very good trade this short term down trend and turned buy at 3241 at 1230pm today after changing of contract month from JUNE to JULY which had a different of about 10 ticks.

CPO Futures hourly indicator will cut loss and turn sell if palm oil price is traded 3228 or lower at 4pm later today.

Palm Oil Futures Buy If 1230pm 3233 Or Higher

CPO Futures hourly indicator will take profit and turn buy signal if palm oil price is closed above 3232 at 1230pm.

Palm Oil Buy If 1130am 3254 Or Higher

CPO Futures hourly indicator will turn buy if palm oil price is traded 3254 and above at 1130am, based on low 3232.

CPO Futures Hit Profit Targets 3274 And 3249

Next Profit target 3224 which is now not far away from the current price of 3238.

CPO Futures hourly indicator will turn buy signal if 6pm palm oil price is closed at 3261 or higher, based on low 3238

CPO Futures Buy If 4pm Above 3310

CPO Futures hourly indicator will turn buy signal if 4pm palm oil price is at 3311 or higher.

Intertek palm oil export 418k MT is much lower than expectation for the first 15 days of April; judging on the figures, the palm oil export for the whole month of April will be below 1 million MT that will push up the stock even higher than expected as the production of palm oil will definitely increase in April onwards.

SGS palm oil export figures for the first 15 days of April will be out in the afternoon which is highly monitored by most trading participants should be able to give more clues about palm oil export for the coming weeks.

Palm Oil Futures Hit 3294 Profit Target

CPO Futures hourly indicator hit another profit 3294 before 6pm market close for Crude Palm Oil futures market on Bursa Malaysia Derivatives.

Next profit targets for tomorrow will be 3274, 3249 and 3224.

Based on low 3282, CPO Futures hourly indicator will turn buy signal if palm oil futures is traded at 3335 and above at 1130am tomorrow morning session.

CPO Futures Buy If 6pm 3347 Or Higher

CPO Futures hourly indicator will remain sell unless 6pm palm oil futures is 3347 or higher.

CPO Futures Hourly Hit Profit Target 3314

CPO Futures hourly indicator had taken its first profit target 3314 or 60 ticks.

It will turn buy signal if 5pm palm oil price is 3348 or higher, based on low 3302.

CPO Futures Buy If 4pm 3346 Or Higher

CPO Futures hourly indicator will still remain selling 3374 unless 4pm palm oil price is at 3346 or higher.

Profit targets may now be adjusted higher at 3314 and 3294 at 60 and 80 ticks respectively.

Palm Oil Buy If 1130am 3354 Or Higher

CPO Futures hourly indicator will turn buy if palm oil price is 3354 or higher at 1130am.

Profit targets will be remained at 3294 and 3274.

Palm Oil Futures Profit Targets 3294 And 3274

CPO Futures hourly indicator will cut loss and turn buy if 1130am is above 3405.

Profit targets will start at 3294 and 3274.

CPO Futures Hourly Will Remain Sell For 5pm and 6pm

CPO Futures hourly indicator will only turn buy signal if 5pm palm oil is above 3431. Thus 6pm data will also remain sell as it will be still very high to turn buy signal.

CPO Futures Hourly Sell 3374 At 1130am

CPO Futures hourly indicator will seem hold selling for the rest of today after turning sell 3374 at 1130am this morning unless the next 3 hours trading session palm oil price is able to trade above 3400.

If 4pm palm oil price is 3434 and above, CPO Futures hourly indicator cut loss and turn buy, which is seem very high to reach.

CPO Futures Hourly For Today's Forecast

CPO Futures hourly indicator will be turned selling at 1130am since palm oil price is way below 3415 now. If palm oil price is assumed to be at 3380 at 1130am, it will be quite hard to turn buy at 1230pm and 4pm with above 3430 level to turn buy signal.

Palm Oil Sell If 1130am 3415 Or Lower

CPO Futures hourly indicator will turn sell if 1130am palm oil price is 3415 or lower.

CPO Futures Sell If 6pm 3411 Or Lower

CPO Futures hourly indicator will turn sell if 6pm palm oil price is 3411 or lower

CPO Futures Sell If 6pm 3333 Or Lower

CPO Futures hourly indicator will cut loss and turn sell if 6pm palm oil price is closed 3333 or lower.

Stop loss sell order can be placed at 3351 if trader does not wish to risk further for overnight position.

CPO Futures Buy 3377 At 4pm

CPO Futures hourly indicator cut loss and turned buy 3377 at 4pm with a loss of 1 tick. However, if profit maximisation strategy was taken with profit targets at 3336 and 3316, the trade would be a profit trade not a loss trade of 1 tick.

CPO Futures hourly indicator will cut loss and turn sell if 5pm palm oil price is traded below 3334.

CPO Futures Buy If 4pm 3345 Or Higher

CPO Futures hourly indicator will turn buy if 4pm palm oil price is traded 3345 and above.

Palm Oil Buy If 1130am 3365 And Above

CPO Futures hourly indicator will remain sell 3376 unless 1130am palm oil price is traded above 3364.

Next profit targets will be 3296 and 3276.

CPO Futures Buy If 6pm 3370 Or Higher

CPO Futures hourly indicator will cut loss and turn buy if 6pm palm oil price is closed at 3370 or higher.

Palm Oil Hit Profit Targets 3336 And 3316 For 1230pm Session

CPO Futures hourly indicator hit its profit targets 3336 and 3316 and aim for next target at 3296.

The indicator will only cut loss and turn buy if 4pm palm oil price is 3392 or higher which is considered very high at the moment.

CPO Futures Sell 3376 At 6pm Yesterday

CPO Futures hourly indicator had cut loss and turned sell again at 3376 at 6pm crude palm oil futures market close yesterday, incurring a loss of 7 ticks and had turned this month accumulated profit to a loss as of yesterday close.

CPO Futures hourly indicator will cut loss and turn buy if 1130am palm oil price is at 3392 or higher today.

Profit targets for sell 3376 start at 3336 and 3316.

CPO Futures Sell If 6pm 3377 Or Lower

CPO Futures hourly indicator hit with another loss and turned buy 3383 at 5pm.

CPO Futures hourly indicator will remain buy 3383 for 6pm unless palm oil price is closed at 3377 or lower today.

CPO Futures Buy If 4pm 3380 Or Higher

CPO Futures hourly indicator will cut loss and turn buy if 4pm palm oil price is 3380 or higher.

Palm Oil Futures Buy If 1230pm 3381 Or Higher

CPO Futures hourly indicator will cut loss and turn buy if 1230pm palm oil price is closed at above 3380.

Palm Oil Buy If 1130am 3384 Or Higher

CPO Futures hourly indicator will remain sell 3367 unless 1130am palm oil price is 3384 or higher.

Profit targets remain 3327 and 3307.

CPO Futures Buy If 6pm Above 3390

CPO Futures hourly indicator will cut loss and turn buy if 6pm palm oil price is closed 3391 and above.

Profit targets remain 3327 and 3307 for 6pm data.

CPO Futures Buy If 5pm 3398 Or Higher

CPO Futures hourly indicator will remain sell 3367 unless 5pm palm oil price is 3398 or 3399 or at new high.

Profit targets still at 3327 and 3307 until 5pm.

Palm Oil Will Remain Sell 3367 At 4pm

CPO Futures hourly indicator will remain sell 3367 for 4pm data as the indicator will not be able to turn buy signal even 4pm at 3399 at high.

Profit targets start at 3327 and 3307.

CPO Futures Hourly Sell 3367 At 1130am

CPO Futures hourly indicator will cut loss and turn buy if 1230pm palm oil price is 3394 or higher; otherwise remain sell 3367.

Palm Oil Sell If 1130am 3377 Or Lower

Based on high 3392, CPO Futures hourly indicator will turn sell if palm oil price is 3377 or lower.

Profit targets start 3418 and 3438.

CPO Futures Sell If 6pm 3372 Or Lower

Based on high 3392, CPO Futures hourly indicator will turn sell signal if 6pm palm oil price is closed at 3372 or lower.

CPO Futures Sell If 4pm 3364 Or Lower

CPO Futures hourly indicator will remain buy 3378 unless 4pm palm oil price is at 3364 or lower.

Palm Oil Futures Sell If 1230pm 3364 Or Lower

CPO Futures hourly indicator cut loss and turned buy 3378 at 1130am with negative 38 ticks. However, CPO Futures hourly indicator will again cut loss and turn sell if 1230pm palm oil price is closed 3364 or lower.

CPO Futures Sell 3340 At 6pm On Friday

CPO Futures hourly indicator will cut loss and turn buy if 1130am palm oil price is 3369 or higher. (Please ignore earlier comment as it was wrongly updated on data for 6pm close on Friday.)

Palm Oil Sell If 1130am 3360 Or Lower

CPO Futures hourly indicator will turn sell if 1130am palm oil price is at 3360 or lower, based on high 3383.

CPO Futures Sell If 6pm 3356 Or Lower

CPO Futures hourly indicator is still remained buying and will only turn sell if 6pm palm oil price is closed 3356 or lower.

CPO Futures Sell If 5pm 3358 Or Lower

Based on high 3383, CPO Futures hourly indicator will take profit and turn sell if palm oil price is 3358 or lower at 5pm.

CPO Futures Sell If 4pm 3356 Or Lower

CPO Futures hourly indicator will turn sell if 4pm palm oil price is at 3356 or lower.

Palm Oil Futures Sell If 1230pm 3250 Or Lower

CPO Futures hourly indicator will turn sell if palm oil price is 3350 or lower at 1230pm close, based on high 3383.

CPO Futures March Accumulated Profit 236 Ticks

Accumulated profit for the month of March for CPO Futures hourly indicator is 236 ticks or RM5,900 per contract based on the entry and exit price of the indicator, excluded the strategy of maximisation on profit targets.

Today the profit targets 3352 and 3372 both should be done at better price at 3380 at the opening of CPO Futures trading on Bursa Malaysia Derivatives.

Based on high 3383, CPO Futures hourly indicator will turn sell if palm oil price is 3344 or lower.

CPO Futures Profit Targets 3352 and 3372

CPO Futures hourly indicator will turn sell if palm oil price is 3313 or lower at 1130am based on high 3343.

Profit targets will be started at 3352 and 3372. Then 3397 and 3422.