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FCPO Trading Room

ASSALLAMUALAIKUM WARAHMATULLAHI WABARAKATUH


SALAM JUMAAT

DAN

SALAM MAULIDURRASUL





Crude Palm Oil Futures (FCPO) 16/12/2016




Technical




Crude palm oil futures traded at Bursa Malaysia Derivatives rose for a 3rd consecutive day, inching closer towards the 3200 level. Feb’17 contract recorded a new year high at 3193 as weaker ringgit continued to boost prices. However the new benchmark March 2017 was slightly behind, closing at 3161, up 66 ringgit. A rise in market participation as the total volume was increased to 56,259 lots compared to previous session at 42,900 lots, mostly due to roll over activity. Open interest rose to 193,247 contracts from 190,459 contracts the previous trading day.



Market traded with upside momentum in the morning session, and afternoon session it started to move side ways. – neutral to positive



Market action saw the edible oil price manage push higher and touch 4 and a half year high 3193. – neutral to positive



Price managed to erase its recent negative outlook after successfully cross above the 10-SMA line. – positive



RSI momentum level at 68 approaching the overbought territory.– neutral to positive



For today, market is expected to open flat bias upside, as most indicators are pointing upwards. However any downside is seen supported by the weaker Ringgit. Price looks to trade with range of 3130 – 3190 ahead of the weekend. Bullish sentiments remains should price maintain above the immediate support at 3130. Upside resistance is seen at 3185 followed by 3200. Support is seen at 3130 with further downside at 3100







Fundamental



Palm oil futures strengthen with the help from weaker ringgit and tighter supplies– neutral to positive

Malaysia's palm oil export for the period of 1-15 Dec, ITS reported a drop of 7.6% while SGS reported a drop of 9.6%. - neutral to negative



Soybean futures snap a 3-day losing streak as China increased buying of fears of the currency will continue to weaken. As for soyabean oil, it ended 0.49% lower to 36.74cents/lbs.



Crude oil closed near $51, erasing earlier losses after Kuwait was said to make bigger supply cuts to Us and European market. – neutral to positive


Gold tumbled to 10-month low as a more aggressive Fed approach







:)cgrock
 
Assallamualaikum warahmatullahi wabarakatuh



Analisa Crude Palm Oil Futures (FCPO) 21/12/2016



Technical



Crude palm oil futures traded at Bursa Malaysia Derivatives, gapped down and settled near day low. FCPO continue to moved lower and reversing last week’s gains.


The benchmark March 2017 contract fell 49 ringgit to settled at 3,093. A rise in market participation as the total volume increased to 36,626 lots, compared to previous session at 31,018 lots. Open interest rose slightly to 197,007 contracts from 196,741 contracts the previous trading day.




Market action saw price being pressured by seller on both morning and afternoon session.



Market traded below 10days moving average but supported by 20days moving average.



RSI momentum level at 56.3 signals the fading buying strength.




The market is expecting to open lower, tracking the overnight losses in the soy oil market. Price might be supported by 20days moving average at 3085, then follow by 3051, further down is 3017. As for resistance, a break above 10days moving average at 3130 could see buyers returning to the market, follow by 3165, then further up will be the previous high of 3202.





Fundamental



Palm oil being pressure by weakening rival oils and poor export data. – Negative



Palm oil export by cargo surveyors ITS and SGS showed a drop of 14.4% and 16.9% for Dec 1-20. – Negative


CBOT soybean oil futures fell 1.36% to 36.35 cents/lbs due to rain aids South American crops. - Negative



Crude oil price rose as API reported a decline of 4.2million barrels in U.S crude stockpiles, but settled off the session highs after Libya announce of reopening its pipelines






:)cgrock Bagaimana trading kawan kawan CG

Didoakan semua untung.
 
Assallamualaikum warahmatullahi wabarakatuh



Analisa Crude Palm Oil Futures (FCPO) 21/12/2016



Technical



Crude palm oil futures traded at Bursa Malaysia Derivatives, gapped down and settled near day low. FCPO continue to moved lower and reversing last week’s gains.


The benchmark March 2017 contract fell 49 ringgit to settled at 3,093. A rise in market participation as the total volume increased to 36,626 lots, compared to previous session at 31,018 lots. Open interest rose slightly to 197,007 contracts from 196,741 contracts the previous trading day.




Market action saw price being pressured by seller on both morning and afternoon session.



Market traded below 10days moving average but supported by 20days moving average.



RSI momentum level at 56.3 signals the fading buying strength.




The market is expecting to open lower, tracking the overnight losses in the soy oil market. Price might be supported by 20days moving average at 3085, then follow by 3051, further down is 3017. As for resistance, a break above 10days moving average at 3130 could see buyers returning to the market, follow by 3165, then further up will be the previous high of 3202.





Fundamental



Palm oil being pressure by weakening rival oils and poor export data. – Negative



Palm oil export by cargo surveyors ITS and SGS showed a drop of 14.4% and 16.9% for Dec 1-20. – Negative


CBOT soybean oil futures fell 1.36% to 36.35 cents/lbs due to rain aids South American crops. - Negative



Crude oil price rose as API reported a decline of 4.2million barrels in U.S crude stockpiles, but settled off the session highs after Libya announce of reopening its pipelines






:)cgrock Bagaimana trading kawan kawan CG

Didoakan semua untung.

bulan ni bulan yg paling trok untuk saya :((
dah rugi almost 30% dari modal
harap2 dimurahkan rezeki hari ini dan seterusnya
 
Assallamaualaikum warahmatullahi wabarakatuh





Analisa Crude Palm Oil Futures (FCPO) 22/12/2016




Technical



Crude palm oil futures traded at Bursa Malaysia Derivatives rebounded on Wednesday, as trader cover their short position ahead of holidays. The benchmark March 2017 contract gained 21 ringgit to settled at 3,114. A drop in market participation as the total volume decreased to 32,451 lots, compared to previous session at 36,626 lots. Open interest decreased to 195,493 contracts from 197,007 contracts the previous trading day.



Market action saw prices opened lower, but rebounded higher after touching the 20days moving average.



Market traded below 10days moving average but supported by 20days moving average.



RSI momentum level at 58.2 signals that buyer is coming back.



The market is expecting to be trading sideway, tracking the overnight soy oil market which closed almost unchanged. Price might be supported by 20days moving average at 3095, then follow by 3051, further down is 3017. As for resistance, a break above 10days moving average at 3124 could see buyers returning to the market, follow by 3165, then further up will be the previous high of 3202.







Fundamental



Palm oil settled higher, breaking three days losing streak as short covering due to holidays pushed up the prices. – Neutral to positive


CBOT soybean oil futures ended almost unchanged with only a drop of 0.06% to 36.04 cents/lbs. - Neutral



Crude oil price ended $0.81 lower to $52.49/barrel, after EIA reported a rise of 2.26million barrels in stockpile.- Neutral to negative







SELAMAT BERDAGANG
 
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