FCPO Bursa Malaysia Derivatives (BMD may hit 2800-3000 level in nearest time. Make sure those of you take the long position. Strong Fundamental Analysis (F.A)discovered last midnight which is may boost the price accordingly.
1. NFP report at 2130 (MALAYSIA TIME) had shown very significant fell of jobless in US
2. NYMEX CRUDE OIL (CLJ10) significantly increased consistently up to $81.80 last night may boost CPO BMD price next week.
3. CBOT soybeans oil May 2010 Contract boost up to $40.42 last night also may boost CPO price since the consumer make an alternative choice to use CPO.
4. Shortage of CPO production due to EL-NINO effect throughout the INDONESIA and MALAYSIA region which is combined production is 86% from the total world market volume
I hope those indicators may boost up FCPO price and all of traders might gain profit from there......
Wish all of you good luck.....and Happy Trading
MY 2CENTS,
-Jutawansawit-
04:00 Jay Bee
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