Friday 30 September 2011

DMI 3021 STC 3004

DMI 3016 and STC 3009 selling will be maintained; but, if cpo futures price is traded 3021, it will trigger daily DMI indicator to a buy signal. Daily STC indicator buy once cpo futures price is closed above 3004 today. The 3rd contract month cpo futures was closed 2898 yesterday.

Thursday 29 September 2011

DMI STC Maintain Sell 3016 And 3009

DMI 3016 and STC 3009 selling will be maintained unless cpo futures price is traded 3031 that trigger daily DMI indicator a buy signal or cpo futures price is closed above 3020 today that turn daily STC indicator to buy signal.

Wednesday 28 September 2011

Buy If DMI 3097 STC 3034

Daily DMI and STC will remain holding sell 3016 and 3009 respectively unless as stated below:
Daily DMI indicator will turn buy signal if palm oil futures price is hit 3097.
Daily STC indicator will turn buy signal if palm oil futures is closed 3034 or higher today.

Tuesday 27 September 2011

Daily DMI Will Remain Sell For This Week

After hitting new low 2857 for crude palm oil futures on Bursa Malaysia Derivatives, daily DMI indicator will be hard to turn buy signal as the lower low data had widen the calculation of DMI indicator. As for today, DMI will only turn buy if palm oil futures price is traded 3104 which is almost 200 ticks from yesterday closing price.
Daily STC indicator will turn buy if palm oil futures price is closed above 3066 today which is still remained far away too.

Monday 26 September 2011

Daily DMI 3016 STC 3009

After turning sell on 22 September (Thursday) for DMI and STC daily indicator at 3016 and 3009 respectively, we will only look at the stop and reverse buy signal mainly on DMI indicator as the stop loss point for now.
DMI daily indicator will cut loss and turn buy signal if crude palm oil futures price is traded 3050 today which is remained far. STC daily indicator will be even higher at 3076 and above for its stop and reverse point.

Friday 23 September 2011

DMI Sold 3016 STC Sold 3009

Daily DMI indicator hit a sell signal when palm oil futures was traded 3016 in yesterday's morning trading session. STC indicator also turned selling 3009 at yesterday's market close.
The DMI indicator will remain selling unless palm oil futures price is traded 3057 that will trigger a buy signal but STC indicator will only turn buy signal if 6pm close at above 3067 for palm oil futures.

Thursday 22 September 2011

DMI Indicators

As a start, we look at an interesting indicator based on "trigger" point that is DMI indicator. Today, the daily DMI indicator will hit a Sell signal if palm oil futures price is traded 3016. It turned buy when palm oil futures price was hit 3048 on 14 September.
Daily stc indicator will turn sell if palm oil futures is closed below 3045 today. It bought 3050 on 2 September at market close.

Palm Oil Futures Sell 3066 At 6pm Yesterday

CPO Futures hourly stc indicator turned selling 3066 at 6pm yesterday and will cut loss and turn buy signal if palm oil futures price is traded 3069 or higher at 1130am today.

Wednesday 21 September 2011

Palm Oil Futures Buy 3068 At 5pm

CPO futures hourly stc indicator hit with another loss and turned buy 3068.
The hourly indicator will stop and reverse sell if palm oil futures price is closed 3066 or lower which is just 2 ticks below the buying signal.

Palm Oil Futures Sell 3056 At 4pm

CPO Futures hourly stc indicator cut loss and turned sell 3056 at 4pm.
The hourly indicator will cut loss and turn buy again if palm oil futures price is traded 3066 or higher at 5pm today.

News: Indonesia October CPO Export Tax 16.5%

JAKARTA (Dow Jones)--Indonesia's crude palm oil export tax for October will be 16.5%, compared with 15% now, an official at the Trade Ministry said Wednesday.
The export tax was based on a CPO reference price of $1,073 a metric ton, the official, who didn't wish to be named, said.
-By Andreas Ismar, Dow Jones Newswires; +603 2026 1233; shie-lynn.lim@dowjones.com

101indicators Update

Traders may refer to 101indicators.com for update (on the right) if cpofutures weblog is not updated. Or click here:

Tuesday 20 September 2011

Palm Oil Futures Sell If 6pm 3045 Or Lower

CPO Futures hourly stc indicator will remain buy 3061 unless palm oil futures price is closed 3045 or lower at 6pm today.
SGS put palm oil export at 968k MT today.

Palm Oil Futures Sell If 5pm 3043 Or Lower

CPO Futures hourly stc indicator will remain buy 3061 unless palm oil futures price is traded below 3044 at 5pm today.

Palm Oil Futures Turned Buy 3061 At 1230pm

CPO Futures hourly stc indicator accumulated 119 ticks of losses since early September and turned buy signal at 1230pm again, at 3061.
The hourly indicator will remain buy signal unless palm oil futures price is traded below 3045 at 4pm later today.
Eye on SGS palm oil export figures in the afternoon.

Palm Oil Futures Buy If 1230pm 3050 And Above

CPO Futures hourly stc indicator will cut loss and turn buy if palm oil futures price is closed above 3049 at 1230pm today.
Intertek gave palm oil export for the first 20 days of September at 978k MT, 16% lower as compared to last month.

Palm Oil Futures Buy If 1130am Above 3057

CPO Futures hourly stc indicator will remain sell 3038 with first target 2995 unless palm oil futures price is traded 3058 and above at 113am today.

Monday 19 September 2011

OSK Web Based Futures Trading

Today OSK releases the web based online futures trading. Here is the sample:

Palm Oil Futures Buy If 6pm Above 3057

CPO Futures hourly stc indicator will cut loss and turn buy if palm oil futures price is closed 3058 and above at 6pm today; otherwise, remain sell.

Palm Oil Futures Buy If 5pm Above 3063

CPO Futures hourly stc indicator will remain sell 3038 unless palm oil futures price is traded 3064 and above at 5pm.
Eye on tomorrow's Malaysia palm oil export.

Palm Oil Futures Sell 3038 At 1230pm

CPO Futures hourly stc indicator took another 27 ticks loss and turned selling 3038 at 1230pm today.
The hourly indicator will remain sell unless palm oil futures price is traded 3060 and above at 4pm later today.

Palm Oil Futures Sell If 1230pm Below 3050

CPO futures hourly stc indicator will turn sell if palm oil futures price is closed 3049 or lower for December contract which is the 3rd active contract month today.

Thursday 15 September 2011

Palm Oil Futures Profit Target 3125 and 3145

Since CPO Futures hourly stc indicator will quite difficult to turn sell signal in next 2 hours data, profit targets now may set at 3125 and 3145 for today even though they may be hard to reach also.

Palm Oil Futures Sell If 4pm 3001 Or Lower

CPO Futures hourly stc indicator will cut loss and turn sell if palm oil futures price is traded below 3002 at 4pm. Otherwise remain buy 3065.
Intertek 648k SGS 653k tons for the first 15 days of palm oil export.

Palm Oil Futures Buy 3065 At 6pm Yesterday

CPO futures hourly stc indicator hit another loss of 31 ticks and turned buy 3065 at 6pm yesterday's close. The accumulated loss for September month at 69 ticks now.
The hourly indicator will cut loss and turn sell again if palm oil futures price is traded at the low 2989 at 1130am today.
Eye on first 15 days of palm oil export from Intertek and SGS.

Wednesday 14 September 2011

Palm Oil Futures Buy If 6pm Above 3011

CPO Futures hourly stc indicator will turn buy if palm oil futures price is closed 3012 or higher at 6pm today. The market is currently traded 3013.

Palm Oil Futures Buy If 5pm 3022 Or Higher

CPO Futures hourly stc indicator will remain sell 3034 unless palm oil futures price is traded above 3021 at 5pm based on low 2989 which was the first target being hit this afternoon.

Palm Oil Futures Buy If 4pm 3039 Or Higher

Based on low 2996, CPO Futures hourly stc indicator will cut loss and turn buy if palm oil futures price is traded above 3038 at 4pm today.

Palm Oil Profit Targets 2989 And 2959

Palm oil futures is trading lower and CPO Futures hourly stc indicator will definitely remain selling even at 4pm today as the stop and reverse buy is above 3050.
Profit targets for palm oil futures hourly chart may start at 2989 and 2959 for today ( trader's own discretion for profit taking ).

Tuesday 13 September 2011

Palm Oil Futures Remain Sell At 5pm

Similar to 4pm update, there will be no chance for CPO Futures hourly stc indicator to turn buy signal at 5pm even palm oil futures price is traded at high 3076. Therefore, it is believed that the hourly indicator will keep holding on its sell 3034 for today.

Palm Oil Futures Remain Sell At 4pm

As CPO Futures hourly stc indicator will not be able to turn buy signal even if palm oil futures price is traded at high 3076 at 4pm; thus, sell signal will remain at 4pm.

Palm Oil Futures Sell 3034 At 1130am

CPO Futures hourly stc indicator hit with another loss and turned selling 3034 at 1130am just now.
The hourly indicator will only do stop and reverse buy provided palm oil futures price is closed above 3073 at 1230pm.

Palm Oil Futures Sell If 1130am Below 3058

CPO Futures hourly stc indicator will turn selling once palm oil futures price is traded 3057 and below at 1130am today.

Monday 12 September 2011

Palm Oil Futures Sell If 6pm Below 3050

Based on high 3076, CPO Futures hourly stc indicator will turn sell once palm oil futures price is closed 3049 or lower at 6pm.

Palm Oil Futures Sell If 3033 Or Lower

CPO Futures hourly stc indicator will cut loss and turn sell provided palm oil futures price is traded below 3034 at 4pm later today.

Palm Oil Futures Sell If 1230pm 3031 Or Lower

CPO Futures hourly stc indicator is holding on its buying and will only turn sell provided palm oil futures price is closed below 3032 at 1230pm today.
3076 had been the strong resistance being tested 3 times in hourly chart.

Palm Oil Futures Sell If 1130am 3037 Or Lower

CPO Futures hourly stc indicator will remain buying 3041 unless palm oil futures price is traded below 3038 at 1130am today.
Profit targets start 3081 and 3101 today.

Friday 9 September 2011

Palm Oil Futures Sell If 6pm Below 3038

CPO Futures hourly stc indicator will hold on its buying 3041 unless palm oil futures price is closed 3037 or lower at 6pm which will turn sell signal.

Palm Oil Sell If 5pm 3035 Or Lower

CPO Futures hourly stc indicator will remain buy 3041 unless palm oil futures price is traded below 3036 at 5pm today

Palm Oil Futures Buy 3041 At 1230pm

CPO Futures hourly stc indicator cut 18 ticks of losses and turned buying 3041 at 1230pm just now.
The hourly indicator will do stop and reverse sell if palm oil futures price is traded below 3038 at 4pm later today which is only few ticks away from the closing price.

Palm Oil Futures Buy If 1230pm 3040 And Above

CPO Futures hourly stc indicator will cut loss and turn buy if palm oil futures price is closed 3040 or higher at 1230pm today.

Palm Oil Futures Buy If 1130am 3048 Or Higher

CPO Futures hourly stc indicator will remain selling 3023 unless palm oil futures price is traded above 3047 at 1130am today.
Profit targets is basically up to traders' own discretion. Here, profit targets may start at 2980.

Thursday 8 September 2011

Palm Oil Futures Sell 3023 At 5pm

CPO Futures hourly stc indicator cut loss and turned selling 3023 at 5pm.
The hourly indicator will do stop and reverse buy if crude palm oil futures price is closed above 3045 at 6pm today.

Palm Oil Futures Sell If 5pm 3033 Or Lower

CPO Futures hourly stc indicator will cut loss and turn sell if palm oil futures price is traded below 3034 at 5pm today.

Palm Oil Futures Profit Targets Start 3090 And 3115

CPO Futures hourly stc indicator will remain buy 3040 with the above targets unless palm oil futures price is traded 3017 or lower at 4pm later today.

Palm Oil Futures Sell If 1130am Below 3015

CPO Futures hourly stc indicator will remain buy 3040 unless crude palm oil futures price is traded 3014 or lower at 1130am today.

Wednesday 7 September 2011

4pm Palm Oil Futures Buy 3440

CPO Futures hourly stc indicator turned buy 3440 at 4pm. The hourly indicator will cut loss and turn sell if palm oil futures price is closed 3010 or lower at 6pm today

Palm Oil Futures Buy If 4pm 3022 Or Higher

CPO Futures hourly stc indicator will turn buy signal once palm oil futures price is traded above 3021 at 4pm today.

Palm Oil Futures Buy If 1230pm Above 3024

CPO Futures hourly stc indicator will turn buy signal once palm oil futures price is closed 3025 and above at 1230pm today.

Palm Oil Futures Buy If 1130am 3033 And Above

Based on low 2978, CPO Futures hourly stc indicator will cut loss and turn buy if palm oil futures price is traded above 3032 at 1130am today.
Profit targets start 2970 today.

Tuesday 6 September 2011

Palm Oil Futures Buy If 6pm 3033 Or Higher

Based on low 2978, CPO Futures hourly stc indicator will cut loss and turn buying if palm oil futures price is closed above 3032 at 6pm today.

Palm Oil Buy If 5pm 3040 Or Higher

CPO Futures hourly indicator will cut loss and turn buy if palm oil futures price is traded 3040 and above at 5pm today.

Palm Oil Futures Buy If 4pm Above 3050

CPO Futures hourly stc indicator will continue its sell signal since 4pm palm oil futures price will hardly hit above 3050.
Profit targets may start at 2973 for today.

Palm Oil Buy If 1130am 3050 And Above

CPO Futures hourly stc indicator will remain sell 3028 unless palm oil futures price is traded 3050 and above at 1130am today.

Monday 5 September 2011

Palm Oil Buy If 6pm Above 3047

CPO Futures hourly stc indicator will remain selling 3028 unless palm oil futures price is closed 3048 and above at 6pm today.

Palm Oil Futures Sell 3028 At 4pm

CPO Futures hourly stc indicator took 16 ticks of profit and turned selling 3028 at 4pm. The hourly indicator will remain selling unless palm oil futures price is traded above 3044 at 5pm.

Palm Oil Futures Sell If 4pm Below 3035

CPO Futures hourly stc indicator will probably take profit and turn selling if palm oil futures price is traded 3034 or lower at 4pm later today.

Palm Oil Futures Sell If 1230pm Below 3024

CPO Futures hourly stc indicator will turn sell signal if 1230pm palm oil futures price is closed 3023 or lower.

Palm Oil Futures Sell If 1130am 3003 Or Lower

CPO Futures hourly stc indicator will cut loss and turn selling if palm oil futures price is traded below 3004 at 1130am today.

Friday 2 September 2011

Palm Oil Futures Sell If 6pm Below 2988

CPO Futures hourly stc indicator will cut loss and turn sell if palm oil futures price is closed 2987 and below at 6pm today.

Palm Oil Futures Sell If 5pm Below 2976

CPO Futures hourly stc indicator will remain buy 3012 which turned buy on 29th August 1130am unless palm oil futures price is traded 2975 or lower at 5pm.
Intertek and SGS gave a same palm oil export figures for the month of August at 1.62 million tons.