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FCPO Trading Room
- Thread starter Bateleur
- Start date
Bateleur
Active Member
- Messages
- 1,514
- Joined
- Sep 22, 2015
- Messages
- 1,514
- Reaction score
- 107
- Points
- 33
Assallamualaikum warahmatullahi wabarakatuh
Trading FCPO memang mencabar..memang pasti ada yg terluka..
(
Tapi ..tak kurang yg dapat hasil lumayan
Semuanya bergantung kepada ..bagaimana kita trade..paling penting DISIPLIN..dan.kita mohon dikurniakan limpahan rezeki drp Alla h swt..
Hari ni..
28 SAFAR 1438 Crude Palm Oil Futures (FCPO) 28/11/2016
Fundamental
Palm Oil futures climb to four-year high to cap weekly gain
Expected increase in soybean oil use in biofuel in U.S to boost oilseed demand support palm oil
Soy futures extend four-month high on demand, slow farm sales – Soybean Oil January drop 0.5% to USD36.94 cents per pound
Technical
Crude palm oil futures traded at Bursa Malaysia Derivatives rose last Friday to record its highest closed since September 2012. The benchmark February contract added RM28 or 0.93% to settle at 3,032 ringgit per metric ton. Total traded volume recorded at 38,445 lots while open interest declined to 192,807 contracts from 200,918 contracts the previous trading day.
Market action saw the edible oil price close within prior day low and just below the daily Upper Bollinger band – neutral
Current level remains above the 20 and 40 days moving average line. Possible buying crossover is also seen on the medium to longer term 100 above 200 days MA line – positive
Thursday candlestick formed an Bearish Belt Hold Line indicating possible uptrend exhaustion though further confirmation is needed with market below 2,983 – neutral to negative
With lack of cues from related soybean oil we could see some profit taking emerge from recent price surge with day trade short position. However with uptrend still seemingly valid, any swing down could provide opportunity to enter Long for short-term holding. Cut loss strategy on immediate support and resistance should be adopted. For today, market resistance seen at 3,046 and 3,061 with further up at 3,098 while support for any pullback looks peg at 3,020 and 2,983 further down at 2,961.
Resistance :3,046 and 3,061 with further up at 3,098
Support : 3,020 and 2,983 further down at 2,961.
Tinggi betoi dah harga sawit mentah ni..
patut kita gembira..sebab kita pengeluar ke dua terbesar dunia..hasil banyak pada negara..!
malangnya..subsidi pun kerajaan tarik dah...nanti lagi mahal pulak harga minyak masak kat pasaran
entahlah....
Trading FCPO memang mencabar..memang pasti ada yg terluka..
(Tapi ..tak kurang yg dapat hasil lumayan
Semuanya bergantung kepada ..bagaimana kita trade..paling penting DISIPLIN..dan.kita mohon dikurniakan limpahan rezeki drp Alla h swt..
Hari ni..
28 SAFAR 1438 Crude Palm Oil Futures (FCPO) 28/11/2016
Fundamental
Palm Oil futures climb to four-year high to cap weekly gain
Expected increase in soybean oil use in biofuel in U.S to boost oilseed demand support palm oil
Soy futures extend four-month high on demand, slow farm sales – Soybean Oil January drop 0.5% to USD36.94 cents per pound
Technical
Crude palm oil futures traded at Bursa Malaysia Derivatives rose last Friday to record its highest closed since September 2012. The benchmark February contract added RM28 or 0.93% to settle at 3,032 ringgit per metric ton. Total traded volume recorded at 38,445 lots while open interest declined to 192,807 contracts from 200,918 contracts the previous trading day.
Market action saw the edible oil price close within prior day low and just below the daily Upper Bollinger band – neutral
Current level remains above the 20 and 40 days moving average line. Possible buying crossover is also seen on the medium to longer term 100 above 200 days MA line – positive
Thursday candlestick formed an Bearish Belt Hold Line indicating possible uptrend exhaustion though further confirmation is needed with market below 2,983 – neutral to negative
With lack of cues from related soybean oil we could see some profit taking emerge from recent price surge with day trade short position. However with uptrend still seemingly valid, any swing down could provide opportunity to enter Long for short-term holding. Cut loss strategy on immediate support and resistance should be adopted. For today, market resistance seen at 3,046 and 3,061 with further up at 3,098 while support for any pullback looks peg at 3,020 and 2,983 further down at 2,961.
Resistance :3,046 and 3,061 with further up at 3,098
Support : 3,020 and 2,983 further down at 2,961.
Tinggi betoi dah harga sawit mentah ni..
patut kita gembira..sebab kita pengeluar ke dua terbesar dunia..hasil banyak pada negara..!
malangnya..subsidi pun kerajaan tarik dah...nanti lagi mahal pulak harga minyak masak kat pasaran
entahlah....
Bateleur
Active Member
- Messages
- 1,514
- Joined
- Sep 22, 2015
- Messages
- 1,514
- Reaction score
- 107
- Points
- 33
Assallamualaikum warahmatullahi wabarakatuh
Analisa Crude Palm Oil Futures (FCPO)29 SAFAR 1438 29/11/2016
Technical
Crude palm oil futures traded at Bursa Malaysia Derivatives rose for the sixth consecutive sessions as weaker Ringgit and a stronger soybean oil price on biofuel mandate, boosted the edible oil sentiment.
The benchmark third month February contract delivery rose another 1.48% or RM45 to settle at 3,077 ringgit per metric ton, its highest for most-active month since August 2012. Total volume traded recorded at 38,737 lots while open interest declined to 191,286 contracts from 192,807 contracts the previous trading day
Market action saw traders shrug off potential pull back to test and close above the daily Upper Bollinger band of 3,066
Medium to longer term chart is noted to have Buying crossover signal from 1000 days MA above 200 days MA indicating upside potential remains
RSI momentum however is at 72.1 on overbought zone might indicate pull-back in prices
With market hitting some overbought sign, caution is warranted for Long position holders on potential correction in market. However on slight longer term view, strong pull-back in price could serve opportunity for entering Long at support level subject to no adverse market news. Market next resistance target should upside continues set to 24th Nov day high 3,098 where break above could see 3,109 and more bullish target at 3,156 Pivot resistance level. Support for possible correction looks peg at 3,066 and 3,045 while further down at 3,000.
Fundamental
Palm Futures jump to 4-year high on Ringgit, supply outlook – neutral to positive
Soybeans Extend rally to four-month high on fierce demand- Soybean Oil Jan delivery contract climbed 0.1% to USD 36.97 cents per pound after reaching 37.63 earlier on a post announcement by U.S. Environmental Protection Agency (EPA) to boost biofuel quotas for 2017 – neutral to positive
OPEC said to remain split as Saudis call cut not essential - Oil retreats below USD47 – Neutral
Ringgit opens easier against US Dollar (4.4650 +0.012) – neutral
resistance : 3,098 , 3,109 and more bullish target at 3,156 Pivot level.
Support : 3,066 and 3,045 while further down at 3,000.
SELAMAT BERDAGANG
Analisa Crude Palm Oil Futures (FCPO)29 SAFAR 1438 29/11/2016
Technical
Crude palm oil futures traded at Bursa Malaysia Derivatives rose for the sixth consecutive sessions as weaker Ringgit and a stronger soybean oil price on biofuel mandate, boosted the edible oil sentiment.
The benchmark third month February contract delivery rose another 1.48% or RM45 to settle at 3,077 ringgit per metric ton, its highest for most-active month since August 2012. Total volume traded recorded at 38,737 lots while open interest declined to 191,286 contracts from 192,807 contracts the previous trading day
Market action saw traders shrug off potential pull back to test and close above the daily Upper Bollinger band of 3,066
Medium to longer term chart is noted to have Buying crossover signal from 1000 days MA above 200 days MA indicating upside potential remains
RSI momentum however is at 72.1 on overbought zone might indicate pull-back in prices
With market hitting some overbought sign, caution is warranted for Long position holders on potential correction in market. However on slight longer term view, strong pull-back in price could serve opportunity for entering Long at support level subject to no adverse market news. Market next resistance target should upside continues set to 24th Nov day high 3,098 where break above could see 3,109 and more bullish target at 3,156 Pivot resistance level. Support for possible correction looks peg at 3,066 and 3,045 while further down at 3,000.
Fundamental
Palm Futures jump to 4-year high on Ringgit, supply outlook – neutral to positive
Soybeans Extend rally to four-month high on fierce demand- Soybean Oil Jan delivery contract climbed 0.1% to USD 36.97 cents per pound after reaching 37.63 earlier on a post announcement by U.S. Environmental Protection Agency (EPA) to boost biofuel quotas for 2017 – neutral to positive
OPEC said to remain split as Saudis call cut not essential - Oil retreats below USD47 – Neutral
Ringgit opens easier against US Dollar (4.4650 +0.012) – neutral
resistance : 3,098 , 3,109 and more bullish target at 3,156 Pivot level.
Support : 3,066 and 3,045 while further down at 3,000.
SELAMAT BERDAGANG
Bateleur
Active Member
- Messages
- 1,514
- Joined
- Sep 22, 2015
- Messages
- 1,514
- Reaction score
- 107
- Points
- 33
Assallamualaikum warahmatullahi wabarakatuh
Nampaknya..hari ni 1 Rabi'ulAwwal 1438..kita melangkah masuk ke bulan mulia..bulan kelahiran Rasullulluh kekasih kita...9 Hb nanti (ada yg kata 12 hb)..mana satu tarikhnya tak penting sebab kita tidak meuja tarikh, juga bukanlah ibadah khusu yg bersyarat utk tarikh yg tepat..
Cuma kita melahirkan kecintaan pada Rasul junjungan juga menyemai rasa kasih ini pada anak anak juga masyarakay seluruhnya..
Pasti bulan Safar yg ditinggalkan penuh pahit manis...
Moga moga dibulam Maulidurrasul ni..yg manisnya lebih dan kurang pahitnya..InsyaAllah..
Analisa Crude Palm Oil Futures (FCPO) 30/11/2016
Technical
Crude palm oil futures traded at Bursa Malaysia Derivatives stage a retreat yesterday snapping a six-day rally amid losses in Dalian Palm market and with Ringgit seem stable. The benchmark February 2017 contract delivery closed 0.88% lower losing RM27 to settle at 3,050 ringgit per metric ton. Total volume recorded at 29,709 lots while open interest declined to 188,309 contracts from 191,286 contracts the previous trading day.
Market action saw the price came off the daily Upper Bollinger band as the edible oil retreated from overbought levels
Price remains healthy above the short term 20 and 40 days moving average
Buying crossover signal from longer term 100 days MA above 200 days MA remains intact
RSI reading at 68.3 swinging down from overbought level above 70.0
For today, market is expected to move into further mild correction phase after strong consecutive rallies. Fall in price though is expected to be supported by Ringgit which remains in weaker levels. Sentiment shift to full month export data tomorrow which have been on a decline in past reports on partial month. Ranged trading within the resistance and support levels is expected with break above or below critical support points to provide direction. Support remains at 3,032 which is past two trading days low with other levels at 3,010 and 2,991 while resistance for resumption of uptrend seen at 3,079 and 3,085 further up at 3,098.
Fundamental
Palm oil futures snaps six-day rally to track losses in Dalian – neutral
Soy futures fall on favorable weather for South America Crops – Soybean Oil Jan contract slide 0.9% closing at USD 36.62 cents per bushel – neutral to negative
Oil trades near 2-week low as discord threatens OPEC supply deal – neutral to negative
Barclays: MYR Steady; OPEC deadlock to weigh – neutral
MPOB: Bright outlook for palm oil sector next year – neutral to positive
Nampaknya..hari ni 1 Rabi'ulAwwal 1438..kita melangkah masuk ke bulan mulia..bulan kelahiran Rasullulluh kekasih kita...9 Hb nanti (ada yg kata 12 hb)
..mana satu tarikhnya tak penting sebab kita tidak meuja tarikh, juga bukanlah ibadah khusu yg bersyarat utk tarikh yg tepat..Cuma kita melahirkan kecintaan pada Rasul junjungan juga menyemai rasa kasih ini pada anak anak juga masyarakay seluruhnya..
Pasti bulan Safar yg ditinggalkan penuh pahit manis...
Moga moga dibulam Maulidurrasul ni..yg manisnya lebih dan kurang pahitnya..InsyaAllah..
Analisa Crude Palm Oil Futures (FCPO) 30/11/2016
Technical
Crude palm oil futures traded at Bursa Malaysia Derivatives stage a retreat yesterday snapping a six-day rally amid losses in Dalian Palm market and with Ringgit seem stable. The benchmark February 2017 contract delivery closed 0.88% lower losing RM27 to settle at 3,050 ringgit per metric ton. Total volume recorded at 29,709 lots while open interest declined to 188,309 contracts from 191,286 contracts the previous trading day.
Market action saw the price came off the daily Upper Bollinger band as the edible oil retreated from overbought levels
Price remains healthy above the short term 20 and 40 days moving average
Buying crossover signal from longer term 100 days MA above 200 days MA remains intact
RSI reading at 68.3 swinging down from overbought level above 70.0
For today, market is expected to move into further mild correction phase after strong consecutive rallies. Fall in price though is expected to be supported by Ringgit which remains in weaker levels. Sentiment shift to full month export data tomorrow which have been on a decline in past reports on partial month. Ranged trading within the resistance and support levels is expected with break above or below critical support points to provide direction. Support remains at 3,032 which is past two trading days low with other levels at 3,010 and 2,991 while resistance for resumption of uptrend seen at 3,079 and 3,085 further up at 3,098.
Fundamental
Palm oil futures snaps six-day rally to track losses in Dalian – neutral
Soy futures fall on favorable weather for South America Crops – Soybean Oil Jan contract slide 0.9% closing at USD 36.62 cents per bushel – neutral to negative
Oil trades near 2-week low as discord threatens OPEC supply deal – neutral to negative
Barclays: MYR Steady; OPEC deadlock to weigh – neutral
MPOB: Bright outlook for palm oil sector next year – neutral to positive
