CPO WHERE TO GO

Assalamualaikum wbt,

Finally bulls appeared after eating the "panda bear". Expected more bulls to come within 1-2 weeks. Targeting 3700 level. Long bias than short. Don't eat the bears while "red bulls"... InsyaAllah....


"Good Luck"

-Charting The Uncharted-

Assalamualaikum wbt,

Finally bulls was kicked by bears as per expected earlier.... But this is temporary situation whereas bulls may come back & bring more bulls & bulls (hopefully). If CPO close below 3500 next week, correction may come to the end and waiting for "Pendek, panjang, pendek".


"Good Luck"

-Charting The Uncharted-

CPO WHERE TO GO

Assalamualaikum wbt,

Seems CPO moving in sideways in the past 3days .... "Duduk sama rendah, berdiri sama tinggi". If CPO close below 3600 this week, expected correction may take place.


"Good Luck"

-Charting The Uncharted-

CPO WHERE TO GO

Assalamualaikum wbt,

2nd target 3600 achieved. If CPO can't sustain below 3600 this week .... Another bulls cycle may continue further up to 3900. Perhaps CPO still on track within my GPS...
 

"Good Luck"

-Charting The Uncharted-

CPO WHERE TO GO

Assalamualaikum wbt,

Target achieved.... CPO take a rest.... Another bulls cycle may continue if open gap up and stay above 3450 this week. To move further, CPO must break 3517 to touch the 3600level. Otherwise it may go back to 3450 area. Perhaps CPO still on track within my GPS...
  

"Good Luck"

-Charting The Uncharted-

 

CPO WHERE TO GO

Assalamualaikum wbt,

The strong bulls Friday last week warned of new bulls cycle to come. No sign of bear dominating the market unless for correction. Keep staying & ride the bulls for 1-2 month time.
  

"Good Luck"

-Charting The Uncharted-

CPO WHERE TO GO

Assalamualaikum wbt,

Target reached, but another cycle may resume within this week.... 

 "Good Luck"

-Charting The Uncharted-

 

CPO WHERE TO GO

Assalamualaikum wbt,

Correction phase intact...but may resume to the new high again. Targeting 3420 level within 1-2 weeks time.

Strategy 


Long: Area 3300-3310 
Stop loss: 3250
Take profit: 3400-3420


"Good Luck"

-Charting The Uncharted-

 

CPO WHERE TO GO

Assalamualaikum wbt,

Slow & steady bulls. Sudden death for bears. Where to go now....North or South. If CPO close above 3310 today, expected bulls back on track...

"Good Luck"

-Charting The Uncharted-

CPO WHERE TO GO

Assalamualaikum wbt,

The bulls neck 3230 had broken. Bears may resume to the south....Once broken the fence zone 3200-3170. It will see the new bears zone.....

"Good Luck"

-Charting The Uncharted-

HEAD & SHOULDER FORMATION

Assalamualaikum wbt,

Expected Head & Shoulder pattern might form  if CPO break 3230 level this week. Therefore it may further down as per targeted level 3180-3200.

"Good Luck"

-Charting The Uncharted-

CPO WHERE TO GO

Assalamualaikum wbt,

Expected CPO may go for downside correction if fail to break 3290 level by today. Reversal candle (doji) on 28th Feb 2012 showed the momentum had exhausted.  It may further down to 3180-3200 area.

Trading Strategy

A. Short term

1. SHORT if CPO close below 3270 and take profit at area 3180-3200

B. Long term

1. LONG at area 3200 and hold. Take profit at 3300-3350



"Good Luck"

-Charting The Uncharted-

FCPO BURSA MALAYSIA DERIVATIVES MAY HIT 2800 LEVEL

Dear traders,

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