FCPO MALAYSIA CRUDE PALM OIL FUTURES REVIEW FOR 15 SEPT 2011

FCPO MALAYSIA CRUDE PALM OIL FUTURES BASED ON ANDREW PITCHFORK 60 MINUTE CHART By Tokan Corner :

As  the chart and Andrew Pitchfork show. The FCPO has touched the Upperline of Andrew Pitchfork  ( Down Trend ) on last 14 SEPT 2011 after Mad Bull Rampaging on last 10 minute last trade. It started when it breakout from 3020 point area.

As for 14092011 the market has rebounced after it break up from 3020 point then rebounced back to 3065 due to unknown factor to me  ( ???? )

As for Tomorrow  Support Target area is at 3040 -3010 zone area for Support zone.

Resistance still at at 3076 – 3083

Reminder !!! Below 3010 we might going to Bear Land Again.

 

Reminder  PLS Put TS ok Guys J

 

 

FCPO MALAYSIA CRUDE PALM OIL FUTURES REVIEW FOR 12 SEPT 2011

FCPO MALAYSIA CRUDE PALM OIL FUTURES BASED ON ANDREW PITCHFORK 60 MINUTE CHART By Tokan Corner :

As  the chart and Andrew Pitchfork show. The FCPO has touched the lowerline of Andrew Pitchfork on last 08 SEPT and it has builded a Dragon Fly Doji on that day.

As for 09092011 the market has rebounced after it breakdown to 3033 point then rebounced back to 3050 due to Soybean Oil price hiked up.

And as for tomorrow FCPO may gap up to 3060 -3067 point due to strong rebounce on Soybean Oil.

As for Tomorrow Target area is at 3076 -3083 zone area for resistance zone.

 

Supplement : Soybean Oil Price Chart From Forex Pros

BURSA MALASIA FKLI FUTURES TRADING ON 60 MINUTE CHART ON ANDREW PITCHFORK REVIEW FOR 12 SEPT 2011

Malaysia Futures Trading FKLI 60 minute Chart By Tokan Corner :

As  the chart and Andrew Pitchfork show. The FKLI has stopped above  1^st upperline of Andrew Pitchfork resistance line.  The EMA and SMA still holding but due to the weaknesses of Dow Jones it may drag the FKLI Futures down. And my opinion Dow Jones still have 200+ to 300 +  point to  kick off from the buckets   and as long 10700 can withstand the selling force then we might seen a Long Rally on Wave 3 based on Elliot Wave but below 10600 it will be a false alarm on the wave and may go down more.

As on the chart is has put a spot ( circle ) to my target area that is around 1446 and 1438 to Buy On Dips. And can start to short at current price or below with a TS at the 1^st Upperline.

 

See my post on 24 Aug 2011 >> http://tokancorner.com/2011/08/bursa-malaysia-fkli-futures-trading/bursa-malasia-fkli-futures-trading-on-60-minute-chart-on-andrew-pitchfork-review-for-24-augs-2011/

 

Bursa Malaysia Trading KLSE FBM KLCI 60 minute Chart By Tokan Corner :

As a supplement let we see on Cash Market chart, as we can see the FBM KLCI  touched the upperline of Andrew Pitchfork and has formed a Shooting Star Doji.

MACD is nearing to entering DC ( Death Cross ) and the Slow Stoch is going South.

Just watch out for 1460 point area !! If that cant withstand then the selling force  will be bigger and we will enter SELLER mode again.

Based on Andrew Pitchfork my next target support is at  1442 / 1445 area…

If that also breakout then end of story … (1350 will be tested )

 

 

FCPO MALAYSIA CRUDE PALM OIL FUTURES REVIEW FOR 09 SEPT 2011

Sorry guys just a pic only xsempat on explanation… just view the pic and analyse it ok guys J

BURSA MALASIA FKLI FUTURES TRADING ON 60 MINUTE CHART ON ANDREW PITCHFORK REVIEW FOR 9 SEPT 2011

Sorry guys just a pic only xsempat on explanation… just view the pic and analyse it ok guys J

 

Earth Quake? At 2 am on Malaysia Time

Gosh at 2 am i just feel the tremor and my house is shaking... Do u guys feels it too? It just feel like a few years ago when tsunami hits acheh... wish there will be no bads news tmr

BURSA MALASIA FKLI FUTURES TRADING ON 60 MINUTE CHART ON ANDREW PITCHFORK REVIEW FOR 06 SEPT 2011

While the rebound last week offers some hope, tumbling US and European markets last Friday sparked by stagnating August employment numbers in the US, which renewed recession fears, would set a negative tone this week.

 

Thus, expect fresh downside volatility with any near-term strength likely to be matched with keen selling interest, as investors look to reduce stock holdings. So, stay defensive and look to sell on strength.

 

Chart wise, only buy into sharp dips to stronger retracement supports on blue chips such as AirAsia, CIMB, Gamuda, Genting Bhd, IOI Corp, RHB Capital, Sime Darby and TM.

 

In the meantime, the local index must hold above the crucial pivot low support at 1,423.47 on August 9, which is reinforced by 1,420, the 50 per cent Fibonacci Retracement (FR) of uptrend from the 1,243 low of May 27 2010 to the 1,597.08 record high of July 11, to prevent a deeper correction to 1,378, the 61.8 per cent FR, with next significant retracement support at 1,327, representing the 76.4 per cent FR.

 

Immediate upside hurdles stays at 1,490 and 1,510, the respective 38.2 per cent FR and 50 per cent FR levels of the sell-off from the 1,597.08 record high to the recent extreme low of 1,423.47, with the formidable hurdle staying at 1,530, the 61.8 per cent FR matching the 200-day moving average.