Monday 30 January 2012

STC 3151 DMI 3158 Short

Daily stc indicator is holding on the short 3151 since 13th January while daily dmi indicator cut loss turned sell 3158 on 26th January last Friday.
Both will remain short unless cpo futures is closed above 3224 for stc and traded 3193 for dmi today.

Thursday 19 January 2012

GONG XI FA CAI

GONG XI FA CAI to all crude palm oil futures traders and readers and wish you all have a wonderful and prosperous Chinese New Year - the year of the Dragon.
Daily dmi indicator will cut loss and turn buy if cpo futures price is traded 3188 while daily stc indicator will also cut loss and turn buy if cpo futures price is closed above 3215 at 6pm today.

DMI 3191 STC 3209

Daily dmi indicator will cut loss and turn buying if cpo futures is traded 3191 today while daily stc indicator will do a stop and reverse buy if cpo futures is closed above 3208 at 6pm today.

Wednesday 18 January 2012

STC 3222 DMI 3193

Daily stc indicator will remain the short 3151 unless the cpo futures is closed 3222 and above today while daily dmi indicator will also remain its short 3173 unless cpo futures is traded 3193 today.

Tuesday 17 January 2012

STC 3240 DMI 3196

Daily stc indicator and dmi indicator for cpo futures will remain the short 3151 and 3173 with the stop and reverse buy signal at 3240 at 6pm close and 3196 trigger point respectively today.
News: Palm oil exports hit record high of RM80.4b. - “Bear with us for a couple of more months. We’ll make the announcement after the Cabinet approves of it,... The government is mindful that oil palm planters are the most heavily-taxed in this country.”

Monday 16 January 2012

CPO Futures STC 3151 DMI 3173 Short

Daily stc indicator finally turned short 3151 at 6pm Friday's close while dmi indicator turned short 3173 in the morning trading session on Friday too. Both had a profit of RM79 and RM130 per contract size.
Today, daily stc indicator will remain short unless cpo futures is closed above 3228 at 6pm while daily dmi indicator will turn buy if cpo futures price is traded 3213.

Friday 13 January 2012

604 KFC Australia Outlets Stop Using Palm Oil

There is news from Dow Jones Newswires about KFC Australia has decided to switch to the newly developed and locally produced high oleic canola, or monola, from Malaysian
produced palm oil from next month.
KFC's stores in New Zealand, which number more than 100, are already using a
blend of high oleic canola and high oleic sunflower.
Just curious how much monola will be used by KFC Australia to replace palm oil?

STC 3205 DMI 3173 Corn Limit Down

Daily stc indicator will probably turn sell signal since the stop and reverse sell is 3205 or lower for 6pm today which is now RM3 higher than the yesterday's closing price of cpo futures.
Daily stc indicator will however turn sell signal only if cpo futures is traded 3173 today.
USDA report hit grain prices with corn limit down but here is a good article to share:

Thursday 12 January 2012

STC 3190 DMI 3165

Today daily stc indicator will turn sell signal once cpo futures is closed 3190 or lower at 6pm while daily dmi indicator will turn sell if cpo futures is traded 3165.

Wednesday 11 January 2012

STC 3191 DMI 3160

The stop and reverse sell signal for daily stc indicator at 6pm close today is 3191 or lower while daily dmi indicator is 3160 once being triggered for cpo futures on Bursa Malaysia Derivatives.

Tuesday 10 January 2012

STC 3185 DMI 3152

Based on high 3244, daily stc indicator will turn sell signal once cpo futures is closed 3185 or lower at 6pm today. Otherwise, hold on the long which has about RM143 profit per contract size based on yesterday's close.
As of yesterday's close, daily dmi indicator had RM172 profit per contract size on its long position and will only turn sell signal if cpo futures is traded 3152 today.

Monday 9 January 2012

DXP Hybrid Or The Dolly Parton Type

In the last 50 years, crop scientists have been breeding the DXP hybrid because this specie is able to bear very big fruit bunches. As time goes by, many oil palm planters affectionately refer the DXP hybrid as "the Dolly Parton type" because like its namesake yields voluptuous fruit bunches.

Today, Malaysia's five million hectares of oil palm landscape is populated by the Dolly Parton standard planting materials...

Read more: They make millions of babies and sell them

STC 3180 DMI 3140

Daily stc indicator will turn sell signal once cpo futures is closed 3180 or lower at 6pm today.
Daily dmi indicator will also turn sell signal if cpo futures is traded 3140 today.

Friday 6 January 2012

NLT Transaction

There was some NLT transactions done yesterday approved by Bursa Malaysia Derivatives with more than 1000 contracts ( 450 March12, 450 April12 and 900 March13 ). NLT is an off-market trading facility. Click HERE for more details or refer to Bursa Malaysia website.
Daily stc indicator will turn sell signal once cpo futures is closed 3172 or lower at 6pm today.
Daily dmi indicator will also turn sell signal once cpo futures is traded 3134 today.
Both stc and dmi long 3072 and 3043 respectively since 21st December 2011.

Thursday 5 January 2012

STC 3142 DMI 3125

Daily stc indicator is holding on the long and will only cut loss turn sell if cpo futures is closed 3142 or lower today at 6pm.
Daily DMI indicator is also holding long unless cpo futures is traded 3125 today.

Wednesday 4 January 2012

STC 3123 DMI 3113

Based on high 3244, daily STC indicator will do a stop and reverse sell if cpo futures is closed 3123 or lower; otherwise, hold the long.
Daily DMI indicator will hold on the long too unless cpo futures is traded 3113 which will trigger a sell signal today.

Tuesday 3 January 2012

No Exam For New BMD Traders

Bursa Malaysia is easing the entry requirement for individuals aspiring to become professional derivatives traders or local participants by doing away with examinations.

All a candidate has to do now is to attend a two-day familiarisation programme to become a professional derivatives trader who trades for his own account.

Chief executive officer Datuk Tajuddin Atan said by attending the programme candidates no longer need to take the licensing examination or show the relevant academic qualification and industry experience.

"This is part of the exchange's initiative to increase the number of local participants in the market. This liberalisation measure signifies our commitment to grow the local participants base as they contribute greatly to market liquidity," he said in a statement today.

He said traders can now easily manage their own portfolio, while at the same time enjoying the many benefits available including fee rebate and tax abatement.

"With the advance of internet trading, they can trade anywhere, anytime," he said.

Tajuddin said local participants can trade with their own funds and are not permitted to conduct trades on behalf of clients and are eligible for exchange and clearing fees rebate if they trade 1,000 contracts per month or more.

He added that local participants can trade in all Bursa Malaysia Derivatives' products.

Candidates can visit Bursa Malaysia website at www.bursamalaysia.com or call 03:2034 7242 for further information. -- BERNAMA

Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20120103140342/Article/index_html#ixzz1iNI711v9

DMI 3107 STC 3086

Daily DMI indicator will remain long 3043 unless cpo futures is traded 3107 which will trigger a stop and reverse sell signal on the technical indicator.
Daily STC indicator will also remain long 3072 unless cpo futures is closed 3086 or lower today.