FCPO : Info & Analysis

[syamjpj]

account no kasi ttuplah bro..ni naked cmtu jer..

no acc tu aku dh edit dh..no sapa entah..nasib badan le .jhat gak aku nih

 

[thetu5]

betoi3 kira ni paling best yg penah aku guna,osk aku dah menyapah..ngan amfutures platform free chat n indi semua free..kira best la..tp risk tetap ada mesti nak gatai tangan tekan2 keybord tu ,harap wak dapat berjaya dan igt org sekeliling

dunia trading dh maju setapak..tggu je mane2 platform yg ade provide dgn EA plak pasni.pastu,dh boleh jln2 mkn angin..

smua robot yg tradekn..)

 

[Sony_Boy]

Crude Palm Oil Ends Down On Profit-Taking, Weak Cash Demand (December 3 2009)

Crude palm oil futures on Malaysia’s derivatives exchange ended lower for a second consecutive trading day on profit taking and pressure from a weak cash market, trade participants said.

The benchmark February contract on the Bursa Malaysia Derivatives exchange ended MYR11 lower at MYR2,478 a metric ton, after moving in a narrow MYR2,463-MYR2,491/ton range. The February contract rose briefly into positive territory during the afternoon session, but the market generally traded below the psychological level of MYR2,500 throughout the day. Weak demand in the cash market added to the downward pressure on BMD, a Singapore-based trading executive said.

The palm oil market has been fairly sluggish since Monday, with prices moving in a narrow MYR2,452-MYR2,510 range as most market participants are away at a palm oil conference in Bali, while others have been awaiting comments from analysts at the conference on the outlook for palm oil prices over the next few months.

In that context, the inability of the palm oil market to break past the MYR2,500 level isn't an indication that the CPO rally is running out of steam, a senior trader from Kuala Lumpur said. "The market is fairly sanguine about palm oil prices going forward, as analyst (Dorab) Mistry, Thomas Mielke have indicated palm oil prices are going to rise sharply next year," the trader said.

Industry analysts James Fry, chairman of LMC International, and Mistry, director of Godrej International Ltd., are scheduled to give their views on the outlook for CPO prices Friday. Market participants will also be keeping an eye on Malaysian monsoon rains and floods, which may affect palm oil output and provide fundamental support for prices.

Planters and traders said palm oil output may decline 10%-15% in November. The Malaysian Meteorological Department said ongoing rains in several states in peninsular Malaysia have led to rising flood waters in Kelantan, Pahang, Perak, Terengganu and Johor, disrupting oil palm transportation to refineries and ports.

A rebound in crude oil and soyoil during Asian hours Thursday was also supportive. At 1009 GMT, New York Mercantile Exchange light, sweet crude for January delivery was trading 43 cents higher at $77.03 a barrel. The Chicago Board of Trade December soyoil contract was trading 44 points higher at 40.19 cents a pound in electronic trading.

In the cash market, cash palm olein for January/February/March shipment was traded at $762.50/ton; April/May/June at $777.50/ton, Singapore-based trader said. Cash CPO for prompt delivery was offered unchanged at MYR2,430/ton. A total of 9,903 lots of CPO were traded on the BMD versus 13,568 lots Wednesday. Open interest was 89,092 lots Thursday, down from 90,291 lots. One lot is equivalent to 25 tons.

 

[Sony_Boy]

Crude Palm Oil (CPO) Price Likely MYR2,800-3,000/Ton By 2010 1st Quarter

Crude palm oil prices may rise as much as 20% to MYR3,000 a metric ton by March 2010 as supply of the vegetable oil won't be able to match demand growth, London-based vegetable oil analyst Dorab Mistry said Friday.

"Between now and the end of the first quarter of 2010, I expect CPO to rise to a level between MYR2,800 and MYR3,000" a ton, he said, as recovery among economies internationally may boost global vegetable oil demand to 5.5 million tons, outstripping global supply of 4.5 million tons in 2010.

At 0246 GMT, CPO for February delivery traded at the Bursa Malaysia Derivatives were MYR20 higher at MYR2,498/ton.

BMD CPO Futures Up Midday; Resistance At MYR2,520
[Dow Jones] BMD CPO futures up midday on buying interest, say traders. Investors covering shorts as ongoing heavy rains across oil palm growing states likely to slow down production, ease inventory levels, says trading executive in Singapore. Bullish price outlook by analysts supportive of prices. Benchmark BMD February CPO futures trading MYR15 higher midday. Most traders peg immediate resistance at MYR2,520/ton.

 

[Sony_Boy]

Crude Palm Oil Ends At 6-Month High On Price Outlook (4 December 2009)

Crude palm oil futures on Malaysia's derivatives exchange ended at a six-month high following a bullish price outlook by analysts, likely lower palm oil output in Malaysia and a strengthening El Nino that may result in lower production, trade participants said Friday.

The benchmark February contract on the Bursa Malaysia Derivatives exchange ended MYR84 up at MYR2,562 a metric ton, after moving in a MYR2,473-MYR2,596/ton range.

Crude palm oil prices may rise as much as 20% to MYR3,000/ton by March 2010 as supply won't be able to match demand growth, according to London-based vegetable oil analyst Dorab Mistry. A global economic recovery may boost worldwide vegetable oil demand to 5.5 million tons, outstripping supply of 4.5 million tons in 2010.

"Between now and the end of the first quarter of 2010, I expect CPO to rise to a level between MYR2,800 and MYR3,000," Mistry told an international conference on vegetable oils in Bali, Indonesia. While the rise in soyoil prices will be moderated by likely higher supply from South America in April, rising biodiesel demand may boost soyoil prices to $950/ton next year, Mistry added. Palm oil prices are set for a rally in the coming year, as output in Malaysia may fall below a projected 17.5 million tons, according to Mistry, since a massive replanting program in Malaysia and the development of an El Nino weather phenomenon may hurt production in the second half of next year.

At the same conference, Derom Bangun of the Indonesian Palm Oil Association said crude palm oil prices may rally to as much as $800/ton, or MYR2,700/ton, in the first quarter next year. Prices may ease from April onward as supply in Indonesia, the world's biggest producer, is expected to rise, he added. Indonesia will likely produce 20 million tons in 2009 and that figure may rise by 1 million-2 million tons by end-2010, said Bangun.

A likely decline in palm oil output also helped support prices. Malaysia's palm oil output may have declined from October's record high production of 1.99 million tons, as seasonal rains slowed down harvesting of palm fruits and floods in several states likely disrupted transportation of palm oil to refineries and ports. Most plantation companies have reported at least a 10% decline in palm oil output in November, said an official at the Malaysian Palm Oil Board.

Output probably fell to 1.75 million-1.79 million tons as of end-November, plantation company executives and traders said. Malaysian palm oil stocks were estimated to have risen to 1.98 million-2 million tons in November as palm oil imports from Indonesia likely rose to 100,000-150,000 tons while domestic consumption is estimated around 200,000 tons, said a senior executive from Kuala Lumpur-based trading company.

Cargo surveyors put November exports at 1.42 million-1.46 million tons. Even though palm oil stocks are likely to have risen close to the psychological level of 2 million tons, prices aren't going to decline much, said a Malaysia-based exporter. "Prices will probably move higher towards the end the of year, in anticipation stocks will ease as production falls end-December." Output is expected to be lower in December as peak production would have ended in November, said analysts.

In the cash market, cash palm olein for January/February/March shipment was traded at $795/ton, April/May/June at $780/ton, a Singapore-based trader said. Cash CPO for prompt delivery was offered at MYR70 higher at MYR2,500/ton. A total of 22,897 lots of CPO were traded on the BMD versus 9,903 lots Thursday. Open interest was 90,022 lots Friday, up from 89,092 lots. One lot is equivalent to 25 tons.

 

[Sony_Boy]

OBSERVATIONS: The "experts" hath spoken and Kuala Lumpur CPO futures market players have taken heed. That apparently was why this market shot up last week, breaking out above the erstwhile RM2,515 immediate overhead resistance barrier on the upside last Friday on an unusually heavy turnover for the day of 10,412 contracts. The actively-traded February 2010 contract was pushed up to a high of RM2,596 before settling last week at RM2,562 a tonne, a rise of RM80, or 3.22 per cent, over the week.

Much of the bullish action happened last Friday, after news of predictions by "experts" that the price of palm oil may soar to between RM2,800 and RM3,200 by June 2010. The "experts" referred to are James Fry, managing director of London-based LMC International, Thomas Mielke, executive director of Hamburg-based Oil World and Dorab Mistry, head of vegetable oils trading with Godrej International. These three "experts' are mainstays at international palm oil conferences and they featured again at last week's Indonesia Palm Oil Conference and Price Outlook 2010, held at the resort island of Bali.

James Fry based his prediction on strong export demand chipping down Malaysia palm oil stocks to 1.25 tonnes by June 2010, from 1.97 million tonnes as at end-October 2009; while Dorab Mistry thinks "it is conceivable that 2010 (Malaysian) crude palm oil production will turn out to be less than 2009 due to adverse weather conditions." Whatever their individual reasons all of them "experts"sounded a collective upbeat note, which was not shared by some local industry players who see palm oil stocks rising until the end of this year.

Conclusion: Although this market is technically still on the uptrack, last week's knee-jerk reaction to "expert" predictions may not last if market participants recall their spotty record at predicting palm oil prices thus far this year. The "experts", it may be recalled, had at earlier conferences called for palm oil prices to hit RM3,000 a tonne by mid-August this year. That, of course, didn't happen. Moreover, the technical overbought position that this market had risen up to last Friday could render it vulnerable to volatile trade and wide price swings due to a combination of liquidation profit-taking and renewed buying interest.

 

[Sony_Boy]

Crude Palm Oil Ends Down; Off Highs On Profit-Taking (December 7 2009)

Crude palm oil futures on Malaysia’s derivatives exchange rose by as much as 1.7% Monday, but erased gains as investors liquidated positions to take profits, trade participants said.

The benchmark February contract on the Bursa Malaysia Derivatives exchange ended MYR3 lower at MYR2,559 a metric ton, after rising above psychological level of MYR2,600 for the first time in six months.

"The likely drawdown of stocks due to falling palm oil output in November is supporting the market, as there is a looming concern that current wet weather has slowed yields, disrupting the supply chain," said an analyst at Kuala Lumpur-based Kenanga Deutsche Futures. Trade participants said an industry body put November output down 18% from 1.99 million tons in October, which helped prices to come off lows.

Analysts said adverse weather and a global economic recovery next year, may boost worldwide vegetable oil demand and support CPO prices. London-based vegetable oils analyst Dorab Mistry said Friday that CPO prices may rise by as much as 20%, to MYR3,000/ton by March as supply won't be able to match demand growth. Lower palm oil output due to a massive replanting program in Malaysia could also feed a rally next year, analysts said.

Lower crude oil on Globex also prompted selling of CPO futures in afternoon trade. Light, sweet crude on the New York Mercantile Exchange for January was trading 57 cents lower at $74.90 a barrel at 0945 GMT. January soyoil on the Chicago Board of Trade was trading 42 points higher at 40.55 cents a pound by the end of trade on the BMD.

In the cash market, cash palm olein for April/May/June was traded $25 higher at $805/ton, a Singapore-based trader said. Cash CPO for prompt delivery was offered MYR70 higher at MYR2,500/ton. A total of 14,729 lots of CPO were traded on the BMD versus 22,897 lots Friday. Open interest was 91,399 lots Monday, up from 90,022 lots. One lot is equivalent to 25 tons.

 

[butterland]

bro sony..
mcm mana market FCPO skrang ni?
lembab ke atau masyuk..?

aku ni terigin sgt nak trade sendiri..
penah dapat tunjuk ajar dari kengkawan..
tp sampai skrang tak konfiden..

 

[Sony_Boy]

Asian Crude Palm Oil Ends Tad Up In Thin, Volatile Trade (08 Dec 2009)

Crude palm oil futures on Malaysia's derivatives exchange ended slightly higher Tuesday in thin, volatile trade that saw prices flipping from negative to positive territory.

The benchmark February contract on the Bursa Malaysia Derivatives ended MYR2 higher at MYR2,561/ton, after trading in a range of MYR2,535-MYR2,590/ton.

"The market is undecided about direction as bullish cues from last week's palm oil conference have already been factored in," a Singapore-based trader said. Most players will wait for the release of Malaysia's Dec. 1-10 export data (due Thursday) before making any big moves," he added. Some participants felt the market should have traded lower. "There's room for prices to move slightly lower, as Friday's rally on BMD was too steep," said a trading executive in Singapore.

After trading in negative territory in the morning, CPO prices rose on supportive soyoil and crude oil prices in electronic trade. Light, sweet crude on the New York Mercantile Exchange for January delivery was trading 19 cents higher at $74.12 a barrel at the end of BMD trade. January soyoil on the Chicago Board of Trade was trading 14 points higher at 40.81 cents a pound.

In the cash market, palm olein for April/May/June was traded at $795/ton, a Singapore-based trader said. Cash CPO for prompt delivery was offered unchanged at MYR2,500/ton. A total of 13,138 lots of CPO were traded on the BMD versus 14,729 lots Monday. Open interest was 87,061 lots Tuesday, up from 91,399 lots. One lot is equivalent to 25 tons.

 

[Sony_Boy]

bro sony..
mcm mana market FCPO skrang ni?
lembab ke atau masyuk..?

aku ni terigin sgt nak trade sendiri..
penah dapat tunjuk ajar dari kengkawan..
tp sampai skrang tak konfiden..

​

paper trade dulu, sifu2 pun cakap kayuh pelan2 (aku bukan sifu tau, darah gemuruh tinggi punyer, kekeke).. kalau nampak trading sistem dah mantap, semangat naik, boleh jer masuk market..

pov aku, lembu jantan masih lagi kontrol market.. jumaat lepas, lembu naik angin, pecah resistance level 2521 sampai ke 2596, tutup kat 2562.. as expected, market buat correction awal minggu ni. ranging tuesday market, tadi buat low 2535 morning session.. lepas lunch, crude/soya oil naik tolak sampai 2590.. 15 minit market nak tutup, ppl take profit, market close 2561 buat doji..