FCPO March Contract Possible Bullish Ahead

Refer to the FCPO (Crude Palm Oil Futures) chart for March contract, FCPO was traded higher and higher since 21/12/2015 with Bollinger Band continued opened wider until the last trading day on 23/12/2015 before the long holidays.

Based on technical point of view, the recent high or resistance of MYR2461, which is the high price did on 29/9/2015 was breached on 22/12/2015 and closed higher @ MYR2468 during the session ended. Following the next trading days on 23/12/2015, although FCPO opened lower @ MYR2457 during the session starts, however with the strong momentum of FCPO the price was pushed upward and again closed higher @ MYR2487 during the session ended.

                                                            FCPO March Contract Daily Chart

Should the bullishness momentum continues, the next target for FCPO to test is the resistance @ MYR2527 or otherwise, profit taking could be seen upon testing this resistance level.

As long as FCPO could withstand and trades above the support level of  MYR2461 in the next trading days, a strong buy or long signal still stay with FCPO for short to medium term.

Due to the strong upward signal for FCPO, one can consider to look for BUY on plantation stocks like FGV and TDM in the coming trading days by closely look on the FCPO price.

                                                                       FGV Daily Chart

Breakout of downtrend line with higher than the average traded volume and Bollinger Band opened wider because of strong CPO price?

Good luck & happy trading!

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such. 

FKLI on 17/11/2015

FKLI is making a bullish ABCD pattern in the hourly chart as image shown:

                                                                      FKLI Hourly Chart

The ABCD pattern formed by FKLI is perfectly fitted for point C and point D; where point C is nicely sit @ the AB line’s 61.8% Fibonacci Retracement level or 1694 whereas point D is touching around the 127.2% of BC line’s Fibonacci extension.

The pattern is the bullish ABCD where the rebounding from point D is a trigger for BUY based on the theory of bullish ABCD pattern. 

The probability of FKLI to trade upward tomorrow is much higher based upon the theory.

Let’s witness the FKLI’s progress tomorrow!

Good luck & Happy Trading!

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

Soybean Oil - 1 Oct 2015

Soybean Oil is looking for a breakout ard 28.10 from the ascending triangle formation based on daily chart. However,if using MACD as indicator to spot the reversal trend it appears that this is not a classical bullish divergence as shown below.

                

  
Weakening of US dollar as all the commodities especially crude oil will help push up the prices higher.

Thus,trade soybean oil cautiously with target profit 30.78 & tight stop loss 27.00 with risk reward 1:2.5

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

WTI Crude Oil - 23 Sep 2015

WTI Crude Oil 5 hour chart is looking for confirmed breakout of USD 47.50 from the formation of symmetrical triangle that formed since 28 Aug 2015. The target profit will be the X length of the triangle formation which is around USD 52 (1st target) or even USD 54 as the next target. 

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

FKLI Technical View (10 Sep 2015)----Update 1@14 Sep 2015

FKLI started to break the flag formation since last friday, 11 Sep 2015 and today breakout again with above 1597. Market tends to stay above the resistances (red circles) and eventually went up to 1636.5 (highest today). Still looking to reach the target of 1650.

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

FKLI Technical View (10 Sep 2015)

Looking for the confirmed breakout or candle closed above 1597. High probability to go up higher to achieve the target price of 1650 which is the weekly chart strong major support turned resistance that triggered panic sell for FKLI.

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

Futures Trading (Malaysia)

Futures trading is a powerful and flexible investment tool. It can make short term, medium term and long term investment. Besides, futures trading is very easy to learn and trade.
In Malaysia, Most popular is Two products which are FKLI (Futures Kuala Lumpur Index) and FCPO (Futures Crude Palm Oil).

How to start?
You only open an account with an investment broker firm and totally Free of Charge (FOC). You only provide a photocopy of IC and fill up the opening form then can trade after deposit margin. Certain products have certain margin requirement and there is different according.

Advantages of Futures Trading
First, we only FOCUS on a certain market. For example, we trade FKLI then we only focus on that market movements, not same like shares market as it have thousand over counters to monitor and analyse.

Second, futures trading is very flexible because it can buy (Long) or sell (Short) anytime, and not same like equity market as only can buy first sell later. Futures market is allow to short sell which sell first buy later. For example, you can foresee market will drop today, so you can sell the FKLI today and buy back later after market rebound then you make money in bearish market.

Third, Easy to make money. Low Commission rate charge on Futures market. Only earn 1 point then you can cover the cheaper commission charges while equity market brokerage charges is based on your purchase/sale contract value which amount can be huge.

FKLI is refer to our KLCI (Kuala Lumpur Composite Index). So both movement are almost same.
Minimum price flutuation 1 bid is 0.5point. Then it 1 point = RM50.
Margin requirement only RM2400 per contract; Intrday margin requirement only half of full margin.
Most active contract month is spot month ,expiry on end of the month (Last Day) and Cash-Settlement.
Trading Hour: 8.45am-12.45pm, 2.30pm-5.15pm
FCPO
Minimum price flutuation 1 bid is 1 point. Then it 1 point = RM25.
Margin requirement only RM5250 per contract; Intrday margin requirement only half of full margin.
Most active contract month is third month ,expiry on 15th of the every month and Physical delivery.
So we are not encourage to hold any position on spot month to avoid physical delivery.
Trading Hour: 10.30am-12.30pm, 3.00pm-6.00pm

*Margin requirement is change time to time.

Risk Management (Trading Rules)

First of all, this post is for all the beginner of Futures Traders.

For the starter, we must understand the products (Market).
Different market have different contract specifications. We must know it before we start to trade.
We can choose a product which we interested then we must monitor it on daily basis.

Second, we must PLAN first before enter market.
After we monitor, we must do some paper trading, that mean we trade on paper and not on real market. Do some homework before trade. For example, search some news and informations regarding that product, What factors affect it price movements and so on. After that, we accumulate all the datas and try to analyse it as well as formulise it become our own FORMULA.

Third, we set our TRADING RULES before enter market and DISCIPLINE during trading.
Set our own trading rules is for risk management. High Risk High Return, We must know our entry and exit point (Cut loss/Take profit), we set it before we trade so we can protect our capital through our discipline attitude. After we set trading rules, we must Follow the rules. Dont Greedy and flurried. Place order with confident.

Finally, we try to calculate our profit loss ratio must be >2:1
Profit loss ratio = Profit/loss.
That mean, Profit we must set more than 2 times than loss only 1 times. For example, we plan to take profit 20 points and cut loss only 10 points. If the probability of our success plan more than 60%  then we can make profit every month.