KEY Indicator At 1130am 1230pm 4pm 5pm And 6pm

The Long of crude palm oil futures based on hourly key indicator at 2640 since 21st November at 1130am had seen the high of 2692 with 52 ticks of floating profit. Its stop and reverse sell trade signals will be at around 2615 to 2620 for today's FIVE hourly trading sessions and will be slowly adjusted higher if there is no trade being triggered at the particular time.

As mentioned long before, I wish to clarify again here that the stop and reverse trades for all these short term hourly trading strategy using KEY indicator in this blog will always based on the following time at 1130am, 1230pm, 4pm, 5pm and 6pm respectively in its own trading system every day. Traders who have been following this blog must always remember that all the trades only been initiated FIVE times a day at the specific time. In other words, NO trades should be initiated other than these stipulated time except traders' own trading wishes.

Palm Oil Long 2640 At 1130am Today

After selling 2583@4pm on 18th November as hinted in the previous post, palm oil futures prices was trading in a volatile mode and the short term technical trend indicator A was having see a low of 2545 before it was hit with multiple losing trades that unable to be updated on time.

The short term technical trend indicator A or KEY indicator as always quoted in this blog previously had turned long 2589@4pm and short 2579@6pm on the same day of 20th November, with losses of 6 and 10 ticks respectively against its previous trades. The loss of 61 ticks was another pain taking action when the key indicator cut loss and turned long 2640@1130am today. The accumulated profit since the beginning of November had substantially reduced from 115 ticks to 38 ticks only after the last 3 losing trades.

The long 2640@1130am today will keep holding on unless hitting stop and reverse sell signals of 2604 in next 5 hourly trading sessions. The stop and reverse sell signals may have been changed to a higher level and no instant updates will be available on time for free public viewing.

Sell If Palm Oil Below 2584 At 1230pm

CPO futures short term technical trend indicator on hourly trade will do a stop and reverse sell once the cpo futures price is closed below 2584 at 1230pm today. It was holding on the long 2562 since 12th November as stated in previous post and we had seen the prices reaching high 2627.

If it is turned short at 1230pm, the stop and reverse buy signals in the afternoon trading sessions will be at 2590, 2592 and 2596 at 4pm, 5pm and 6pm respectively; or else, the prices in the afternoon will turn to be the stop and reverse sell signals. The long 2562 will remain if cpo futures prices keep trading above all the stop and reverse trade signals as given here.

Palm Oil Long 2562 At 4pm

Gave up 50 over ticks of profit at low 2506 after turning short 2562 on 6th November at 1130am, cpo futures trading based on the short term technical trend indicator A had finally turned buying at 2562 with zero profit at 4pm on 12th November.

The long 2562 will have its stop and reverse sell trading signals at range between 2565 and 2570 in coming few trading sessions ended 6pm Friday. The cpo futures price did reach high 2627 with floating profit range 65 ticks and hit to low 2565 near to the long 2562 before closing 2602 at 6pm yesterday. 

Selling 2562 At 1130am On 6th November

The stop and reverse buy signals for today and tomorrow will probably be in the range between 2570 to 2585 after the technical trend indicator A short term trading had took 94 ticks of profit and turned short 2562 at 1130am yesterday against its long 2468 at 4pm on 28th October as stated in the last few posts.

Traders are reminded that the latest stop and reverse trade signals given here may have been changed without further notice or update because the 60-minute market data in this volatile cpo futures in every session over 5 trading session a day can seriously affect the stop and reverse trade signals. 

They say we are wrong to cut our trees to plant oil palms

Over a period of a few decades around 1850, 95 per cent of the two million acres of Redwood forest in California were cut and destroyed. What kind of men would cut down these ancient irreplaceable giant trees?... 

To accuse the industry in Malaysia and Indonesia of contributing to global warming is sheer nonsense... 

The anti-oil palm lobby in the west includes pro-soya bean and rapeseed groups who see oil palm as a major competitor and have recruited food lobbyists to play on fears of the health hazards of palm oil consumption...

... The oil palm tree is the world’s most efficient oil crop because one can harvest 5 tonnes of oil per hectare. This is 10 times more productive than soya bean planted in the West,... 5 times more productive than rapeseed...

Finally, the western environmental activists’ campaign against oil palm plantation expansion, in the name of “saving rainforests”, is a violation of international norms and Malaysia’s and Indonesia’s sovereignty. 

Source: Excerpts from Koon Yew Yin. Read more at ipohecho.