*CPO RJ1 still holding same position SHOT 3088 for October contract..
*CPO GT2 turn LONG 3100 yesterday..
Saturday, July 30, 2011
Monday, July 25, 2011
CPO RJ1 & GT2 Trade Update: 25 July 2011
*CPO RJ1 turn SHOT 3088 and losing -39 points from previous LONG 3127.. currently its the worse performance for my RJ1 system since 2005..
*CPO GT2 turn the heat on RJ1, turning LONG 3100 and locking in profit +40 points from previous SHOT 3140.. crazy GT2 system, totally slaughtered RJ1 system...
Friday, July 22, 2011
CPO GT2 Trade Update: 21 July 2011
*CPO GT2 turn SHOT 3140 yesterday and taking in profit +58 points from earlier LONG 3082.. GT2 2011 stunning profit win per lot trade stands at +1336 points.. carzy crazy!!
Thursday, July 21, 2011
CPO RJ1 Trade Update: 20 July 2011
*CPO RJ1 turn LONG 3127 yesterday and taking in loss -60 points from earlier SHOT 3067... haihhh
Tuesday, July 19, 2011
CPO RJ1 & GT2 Trade Update: 19 July 2011
*CPO RJ1 signal turn SHOT 3067, taking in loss -59 points from last LONG 3126 (rollover)
*CPO GT2 swing to LONG 3082 today and locking in profit +43 points from SHOT 3125 (rollover)
## 5 system trading i can choose from to trade/swing anytime... hhehehe, myself and fred headache which one to use.. all basis still trend following.. all 5 system results SUPERB!! :)
Friday, July 15, 2011
CPO GT2 Trade Update: 15 July 2011
*CPO GT2 turn SHOT 3115 for September contract and locking in profit +70 points from revious LONG 3045.. Super GT2 :) , still no rollover to October contract yet!
Thursday, July 14, 2011
CPO RJ1 Trade Update: 13 July 2011
*CPO RJ1 turn LONG 3085 yesterday (sorry for the late update) and taking in losses -51 points the next day.. haihh, really really tough for my RJ1 system trade..
*CPO GT2 still steady with LONG 3045.. hehehe
##PS :- After The Star published the CPO so called FUNDAMENTAL news on 7th July 2011 expecting CPO will breach under 3000 but instantly on the same day CPO rocketing up and as of today already run up roughly about 140 +/-.. thanks to The Star, Super Top Analyst & The Reporter :) you guys help us a lot. But 1 week plus to go, because the report says.. oppss the analyst say that CPO will go under 3000 within 2 weeks, i cannot wait to see on 27th July 2011 whats going to happen.. hehe hehe hehe...
Wednesday, July 13, 2011
CPO RJ1 @ GT2 Trade Update: 12 July 2011
*CPO RJ1 turn SHOT 3034 for September contract with losses -71 points from previous LONG 3105..
*CPO GT2 LONG 3045 for September contract taking in profit +29 points from SHOT 3074..
## quite a tough year for my trading for 2011.. still cannot catch big home run.. haihhh
Friday, July 8, 2011
CPO RJ1 Trade Update: 8 July 2011
*CPO using RJ1 turn LONG 3105 for September contract, locking in +154 points profit from SHOT 3259 earlier..
Thursday, July 7, 2011
CPO price falling to dip below RM3,000 per tonne due to rising inventory and decreasing demand
By SHARIDAN M.ALI
sharidan@thestar.com.my
PETALING JAYA: Crude palm oil (CPO) price is likely to fall below RM3,000 per tonne over the next two weeks due to rising inventory and decreasing demand, traders and analysts said.
The last time CPO three-month futures was below the RM3,000 per tonne level was on Oct 21, 2010 at RM2,990. Since then it had been climbing to reach a peak of RM3,955 on Feb 11.
The CPO three-month futures price had been on a declining trend for the past five months to close at RM3,029 per tonne, down RM11 yesterday.
Malaysia's CPO stock and production, which have been climbing since February, are playing their part to further suppress the CPO price. Malaysia is the second largest palm oil producer globally after Indonesia.
The latest numbers according to the Malaysian Palm Oil Board (MPOB) monthly statistical data for May showed month-on-month palm oil stocks rose nearly 15% to their highest in 16 months as production overtook exports.
Palm oil stocks in May rose to 1.92 million tonnes from 1.67 million tonnes a month before a level unseen since January 2010 while CPO production shot up by 13.74% to 1.74 million tonnes.
Interband Group of Companies senior palm oil trader Jim Teh expected the CPO price to scale back to around RM2,800 per tonne within the next two weeks as demand was sliding due to the “expensive” CPO price and higher inventory.
“The current CPO price is considered expensive for physical' buyers to keep high inventory on the commodity. They would just buy the CPO as and when they needed it,” he said, adding that besides demand, paper trading of CPO also helped to ramp up its price.
Teh said the healthy production levels in the past three months were supported by good weather that resulted in robust fresh fruit bunches yields.
Nevertheless, Teh argued that even at RM2,800 per tonne, the margin was still good as the production cost of CPO per tonne hovered around RM1,200 to RM1,500.
“It will be a good correction and a breather for the physical buyers to come in and buy CPO as well as to clear the mounting palm oil stock,” he told StarBiz, adding that CPO prices had been rallying since 2006.
The decrease in CPO prices would also very much depend on the latest level of inventory where MPOB is expected to release its June monthly data early next week.
Meanwhile, IJM Plantations Bhd chief executive officer and managing director Joseph Tek Choon Yee remained optimistic that the average CPO price for calendar year 2011 would be higher than last year's RM2,745 and there was still room for it to average at RM3,000.
“The widening soy bean-palm oil discount, presently at US$237 will make palm oil very attractive for soy bean oil buyers such as India. This will certainly lend support to subsequent purchases,” he said.
On rising stockpile, Tek said CPO backed by fresh fruit bunches production was on the rise as the oil palms were recovering from the double whammy weather effects arising from El Nino and La Nina last year and early part of this year.
“This production figures leading toward rising stockpile and lower crude oil prices appear to set some level of panic' selling and lends support to opportunity buying,” he said.
Another analyst, sharing similar views with Teh, also anticipated that the CPO price would dip below the RM3,000 level.
“The inventory level is just quite high right now. Maybe retailers are waiting to buy just before the festive season starting in August.
“The declining CPO prices were also influenced by lower soy bean prices,” he said.
Muslims around the world will start fasting for the whole of August before celebrating the Aidil Fitri.
Palm oil expert Dorab Mistry, director of Godrej International Ltd, was quoted by Bloomberg yesterday as saying the velocity of CPO production was unbelievable.
In April, Mistry revised his earlier CPO forecast given the anticipation of higher global palm oil production this year.
He expected the RM3,000 per tonne price support to be broken and push CPO prices to trade even lower going forward.
OSK Research, which analysed the CPO futures market in June for a few times over a period of three weeks, said that its technical landscape had deteriorated at every subsequent analysis.
“Our major talking point last month was the bottom point of the “non-classical hammer”, or the RM3,163 per tonne level. This is because the RM3,163 per tonne level has been the support floor for the market's six-month old sideways trend.
“However, this crucial low was violated last week and it looks like this violation of the key RM3,103 per tonne support level has confirmed a breakdown,” it said in a report earlier this week.
But, the research house said since the violation of this level was not aggressive enough, it could not tell for sure at this point of time if the RM3,163 per tonne level had been decisively taken out.
“Hence, to confirm that the lowest point of the “non-classical hammer” has really been violated, we would have to wait until prices fall below last week's low of RM3,031 per tonne level,” it said.
**PS>> I love this kind of news from our super analyst.. hehe, go down within 2weeks under 3k posible, my signal also showing i still holding SHOT 3259 for September contract rollover from August contract initial SHOT 3362.. this is the STAR link : I DO HOPE ALL THIS ANALYST ALREADY SHOT WAY HIGHER THEN ME.. muahahahaha
Friday, July 1, 2011
My Small Account Monthly Update: June 2011
*nothing to shout for June 2011 performance.. its up month but nothing.. btw from April-June 2011 i withdraw total cash RM4,450..
CPO GT2 Trade Update : 30 June 2011
*CPO GT2 turn SHOT 3113 for September contract.. please scroll down to bottom of screen to see GT2 trades.. haihhhh
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