CPO FUTURES Review For 22052012 ( FCPO ) BY TOKAN CORNER

KUALA LUMPUR (Dow Jones)–Crude palm oil futures on Malaysia’s derivatives exchange ended slightly higher Monday due to a combination of short covering, stronger export demand and pro-growth comments from the Chinese prime minister.

The benchmark August contract on the Bursa Malaysia Derivatives ended 0.1% higher at MYR3,098 a metric ton, dipping into the red in the last 30 minutes of trade after spending most of the session in positive territory and gaining as much as 1.2%.

Prices are oversold and due for a rebound after a two-week selloff but the euro-zone debt crisis will continue to limit the upside, traders said.

July soyoil on the Chicago Board of Trade was up 0.7% at 50.68 cents a pound as trade on the BMD ended.

Malaysia’s May 1-20 palm oil exports rose modestly, due to higher shipments to India and China, according to estimates by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd.

Shipments rose 3.1% from the same period a month earlier to 865,570 tons, SGS said Monday. Intertek said Saturday that exports rose 2.1% to 862,337 tons.

“Palm oil’s fundamentals have not changed–exports are modestly up amid tight supply…the market is due for a rebound after heavy losses last week,” a trading executive in Jakarta said.

“Still, there is plenty of uncertainty about the euro zone so any further upside is likely to be capped at MYR3,300/ton.”

Palm oil prices have fallen more than 11% over the past five weeks, due to signs that China’s economy is slowing sharply and fears that Greece might leave the euro zone.

A weaker dollar versus the euro also supported palm oil prices Monday. Dollar-denominated commodities become cheaper to holders of other currencies when the greenback weakens. Widely sold refined, bleached and deodorized palm olein is priced in dollars.

In the cash market, refined palm olein for July/August/September shipment was traded from $1,027.50/ton to $1,035/ton, October/November/December at $1,020/ton, a physical market broker in Singapore said.

Cash CPO for prompt shipment was offered unchanged at MYR3,120/ton.

Open interest on the BMD was 115,044 lots, versus 117,072 lots Friday. One lot is equivalent to 25 tons.

<<< Lazy to Update New Chart Bcoz the Range still the same :p >>>

CPO DAY TRADE SnR

Resistance

3119 3135 3150 3166

Support

3077 3061 3046 3030

 

 

CPO BOX TRADER

3036 become a critical pivot area...  here a retrace / where to short area and support / where to PT ( Profits Taking Area )

Shorting Area for a Retracement if market fail to breakthrough 3036

3262 - 3332 - 3401

Long Area / Profit Taking Zone if market manage to breakthrough from 3036 factor

2670 - 2444 -  2217  - 2078

CPO FUTURES Review For 21052012 ( FCPO ) BY TOKAN CORNER

KUALA LUMPUR (Dow Jones)–Crude palm oil futures on Malaysia’s derivatives exchange ended steady Friday after tumbling to their lowest levels since early February, as investor confidence took a hit in the aftermath of Moody’s downgrades of 16 Spanish banks and weak U.S. manufacturing data.

Palm oil recovered on modest bargain hunting on the back of tight global vegetable oil supplies due to production deficits in soybean-growing areas of South America and weak production growth in Southeast Asia.

The benchmark August contract on the Bursa Malaysia Derivatives ended MYR1 higher at MYR3,096 a metric ton after tumbling as much as 2% to MYR3,034/ton.

July soyoil on the Chicago Board of Trade was last trading 0.8% lower at 50.32 cents a pound by the end of trade on the BMD.

“Soyoil futures didn’t fall sharply despite weakness and nervousness in the broader markets,” said Chandran Sinnasamy, head of trading at LT International Futures (M) Sdn. Bhd.

“Muted declines in soyoil led to some buying interest in the palm oil market, as people now anticipate a possible correction after this week’s tumble,” Sinnasamy said.

Palm oil prices have fallen more than 11% over the last five weeks, mostly due to worries about Europe amid political and economic uncertainty in Greece.

While export demand may see a modest rise during the May 1-20 period, technical cues still look bearish, a technical analyst in Kuala Lumpur said, tipping next week’s range for the BMD CPO benchmark at MYR3,020-MYR3,150/ton.

In the cash market, refined palm olein for July/August/September shipment was offered at $1,022.50/ton while cash CPO for prompt shipment was offered MYR40 lower at MYR3,120/ton.

Open interest on the BMD was 117,072 lots, versus 120,462 lots Thursday. One lot is equivalent to 25 tons.

 Previous Chat >>> See the "BOX"

<<<<<< Daytrade SnR >>>>>>>>

Support

3075 3059 3044 3028 3013

Resistance

3117 3133 3148 3164 3179

EOD :
 3096 ( AUG )

 

Previous post >>> http://tokancorner.com/2012/05/bursa-malaysia-fcpo-cpo-futures-trading-signal-reversal-bullish-bearish/fcpo-crude-palm-oil-price-review-for-07052012/ 

 

Darvas The Trend Trading Legend And CPO Review For 11052012

 Hello guys... u guys mus be thinking what types of box that im using on my previous chart is'nt ? Well here is a snap of introduction :

"Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. During his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying.Darvas ploughed his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron's Magazine. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market. The book describes his unique "Box System", which he used to buy and sell stocks. Darvas' book remains a classic stock market text to this day."

"Before emigrating to America, Darvas studied economics at the University of Budapest. Arriving in the US in 1951, Darvas trained with his half-sister, Julia, to be a ballroom dancer, becoming extremely succesful and touring the world by 1956. He discovered investing in 1952, when a Toronto nightclub, unable to pay him in cash, instead paid him with shares. It was on a two-year tour of the world that he initially developed his 'Darvas Box' method of screening stocks - a method of picking stocks based on the stock's price and volume - and later went on to refine this to remove any human element from his trading to susbtantial success. Nicolas Darvas is regarded as one of the best traders in the history of the market and his method, whilst complicated and difficult to master, has been rigorously tested and has been found to be one of the best trading systems yet developed."

 <<<< CLICK HERE >>>>

TMW SnR

July Contract

EOD : 3449

Support Area To watch

3426 3409 3391 3374

Resistance Area To Watch

3472 3489 3507 3524

 

 

August Contract

EOD ; 3440

Support Area To watch

3417 3400 3382 3365

Resistance Area To Watch

3463 3480 3498 3515

Check The Box On Daily Chart Here >>> http://tokancorner.com/2012/05/bursa-malaysia-fcpo-cpo-futures-trading-signal...

 

Cpo Review For 09052012 (FCPO)

KUALA LUMPUR (Dow Jones)–Crude palm oil futures on Malaysia’s derivatives exchange gave up gains made earlier Tuesday as investors locked in profits amid euro-zone debt worries, although losses were limited by supportive fundamentals.

 

The benchmark July contract on Bursa Malaysia Derivatives ended 0.3% lower at MYR3,351 metric ton after trading in a narrow MYR3,351-MYR3,388/ton range.

July soyoil on the Chicago Board of Trade was trading 0.5% higher at 53.87 cents a pound by the end of trade on BMD.

 

“Resurgent concerns over the euro zone pressured BMD CPO lower, even though fundamentals remain supportive,” a broker at a Singapore-based brokerage firm said. “Prices weren’t able to rise past MYR3,390/ton due to weak follow-through buying, which spurred investors to reduce riskier bets,” he added.

 

For the time being, market focus is on April crop data by industry regulator the Malaysian Palm Oil Board and May 1-10 export estimates by independent cargo surveyors that are due Thursday, trading executives said.

 

Palm oil prices are up 4% so far this year, and analysts said prices may push higher in the coming weeks, as demand for the tropical oil may rise on production deficits in major soybean growing areas in South America, limiting availability of the oilseed for crushing into meal and rival soyoil.

 

“Exports are likely to be higher, thanks to Indian demand and recovering palm oil demand from Europe’s biodiesel industry,” a cooking oil exporter in Johor said.

 

In the cash market, refined palm olein for July/August/September was traded at $1,125/ton, while October/November/December was traded from $1,115-$1,120/ton, free-on-board Malaysian ports, a Singapore-based physical market broker said.

 

Cash CPO for prompt shipment was offered MYR10 higher at MYR3,380/ton.

 

Open interest on the BMD was 124,696 lots, versus 125,434 lots Monday. One lot is equivalent to 25 tons.

 

A total of 32,797 lots of CPO were traded versus 23,092 lots Monday.

 

Support Area To Watch

3328 3311 3295 3278

 

Resistance Area To Watch

3374 3391 3407 3424

EOD Price : 3351

Box area are still the same >>> check it out >>> http://tokancorner.com/2012/05/bursa-malaysia-fcpo-cpo-futures-trading-signal...

 

CPO FUTURES Review For 08052012 ( FCPO )

SINGAPORE (Dow Jones)–Crude palm oil futures on Malaysia’s derivatives exchange mostly rose Monday after erasing early losses. Traders shifted their focus from bearish external cues, including election results in France and Greece Sunday that may signal changing fiscal priorities in Europe as well as disappointing U.S. jobs data Friday, to palm oil market fundamentals, which are more bullish.

 

In France, President Nicolas Sarkozy lost to Socialist candidate, Francois Hollande, who has resolved free his countrymen from the burdens of austerity, while in Greece uncertainty looms over who will form the government and how the new caretakers might depart from an austerity program that had been brokered by European Union peers.

 

“The negative sentiment came from equity markets reflecting European election news, but people are now focusing on vegoil fundamentals,” a Kuala Lumpur-based trading executive said.

 

The benchmark July contract on Bursa Malaysia Derivatives ended MYR2 higher at MYR3,360 a metric ton after hitting an eight-week low of MYR3,311/ton in morning trade.

 

In the U.S., a Labor Department report showed nonfarm payrolls rose 115,000 in April, well off the 168,000 estimate forecast by economists surveyed by Dow Jones Newswires.

 

CPO prices will likely be underpinned by supply risks to the South American soybean crop and declining palm oil inventories, a second Kuala Lumpur-based trading executive said, tipping immediate resistance at MYR3,390/ton.

 

Malaysia’s end-April palm oil stocks likely slipped 3%-7% from a month earlier to the lowest level in eight months, as export demand growth appears to have outpaced production, some traders and analysts said Monday, projecting end-April inventories at 1.83 million-1.90 million tons.

 

The Malaysian Palm Oil Board is scheduled to release Malaysia’s April palm oil stocks, exports and output data Thursday. Any deviation from market expectations will likely impact CPO prices.

 

May 1-10 Malaysian palm oil export estimates from cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. are also due Thursday and will provide further demand cues.

 

In the cash market, refined palm olein for July/August/September was traded at $1,115-1,120/ton while October/November/December was traded at $1,102.50-1,105/ton, free-on-board Malaysian ports, a Singapore-based physical market broker said.

 

Cash CPO for prompt shipment was offered MYR30 lower at MYR3,370/ton.

 

Open interest on the BMD was 125,434 lots, versus 128,166 lots Friday. One lot is equivalent to 25 tons.

 

A total of 23,092 lots of CPO were traded versus 31,440 lots Friday.

 

Resistance Area To Watch : 

3400 3416 3433 3450

 

Support Area To Watch :

3337 3320 3304 3287

 

Seems the price will rebounce from the lower floor. Just watchout for the highligted price ( Bigger font 00- 50 )

P/S still in red box territory beware ok

CPO FUTURES Review For 08052012 ( FCPO )

SINGAPORE (Dow Jones)–Crude palm oil futures on Malaysia’s derivatives exchange mostly rose Monday after erasing early losses. Traders shifted their focus from bearish external cues, including election results in France and Greece Sunday that may signal changing fiscal priorities in Europe as well as disappointing U.S. jobs data Friday, to palm oil market fundamentals, which are more bullish.

 

In France, President Nicolas Sarkozy lost to Socialist candidate, Francois Hollande, who has resolved free his countrymen from the burdens of austerity, while in Greece uncertainty looms over who will form the government and how the new caretakers might depart from an austerity program that had been brokered by European Union peers.

 

“The negative sentiment came from equity markets reflecting European election news, but people are now focusing on vegoil fundamentals,” a Kuala Lumpur-based trading executive said.

 

The benchmark July contract on Bursa Malaysia Derivatives ended MYR2 higher at MYR3,360 a metric ton after hitting an eight-week low of MYR3,311/ton in morning trade.

 

In the U.S., a Labor Department report showed nonfarm payrolls rose 115,000 in April, well off the 168,000 estimate forecast by economists surveyed by Dow Jones Newswires.

 

CPO prices will likely be underpinned by supply risks to the South American soybean crop and declining palm oil inventories, a second Kuala Lumpur-based trading executive said, tipping immediate resistance at MYR3,390/ton.

 

Malaysia’s end-April palm oil stocks likely slipped 3%-7% from a month earlier to the lowest level in eight months, as export demand growth appears to have outpaced production, some traders and analysts said Monday, projecting end-April inventories at 1.83 million-1.90 million tons.

 

The Malaysian Palm Oil Board is scheduled to release Malaysia’s April palm oil stocks, exports and output data Thursday. Any deviation from market expectations will likely impact CPO prices.

 

May 1-10 Malaysian palm oil export estimates from cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. are also due Thursday and will provide further demand cues.

 

In the cash market, refined palm olein for July/August/September was traded at $1,115-1,120/ton while October/November/December was traded at $1,102.50-1,105/ton, free-on-board Malaysian ports, a Singapore-based physical market broker said.

 

Cash CPO for prompt shipment was offered MYR30 lower at MYR3,370/ton.

 

Open interest on the BMD was 125,434 lots, versus 128,166 lots Friday. One lot is equivalent to 25 tons.

 

A total of 23,092 lots of CPO were traded versus 31,440 lots Friday.

 

Resistance Area To Watch : 

3400 3416 3433 3450

 

Support Area To Watch :

3337 3320 3304 3287

 

Seems the price will rebounce from the lower floor. Just watchout for the highligted price ( Bigger font 00- 50 )

P/S still in red box territory beware ok

FCPO Crude Palm Oil Price Review For 07052012

KUALA LUMPUR (Dow Jones)–Crude palm oil futures on Malaysia’s derivatives exchange fell for a fourth consecutive day and touched a six-week low Friday as disappointing economic data this week generated worries about global economic growth.

Most market participants refrained from making aggressive bets ahead of a slew of data due to be released next week.

The benchmark July contract on Bursa Malaysia Derivatives ended 0.6% lower at MYR3,358 a metric ton after climbing into positive territory midday due to short covering. It hit a low of MYR3,335/ton, the lowest since March 22, in afternoon trade.

“There’s no change to CPO’s fundamentals,” a broker in Singapore said. “Trade was a tad choppy today as traders squared off positions while awaiting Malaysia April crop supply and stock data next week.”

Improving Malaysian export demand and tight global supplies of vegetable oils helped limit the downside. “The disruption of supply due to erratic weather could tighten the global stock-to-usage ratio to 8.2% from 8.6% last year, and boost global vegoil prices,” an analyst at a Kuala Lumpur-based bank said.

Exporters tip outbound palm oil shipments to rise further in May due to higher demand from India, China and Europe. April exports rose around 9%-10% to around 1.35 million tons, according to estimates by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd.

Both surveyors are scheduled to issue May 1-10 shipment data next week. Industry regulator Malaysian Palm Oil Board is due to issue April output data May 10.

In the cash market, refined palm olein for June was traded at $1,147.50/ton, free on board Malaysian ports, a Singapore-based physical market broker said.

Cash CPO for prompt shipment was offered MYR10 lower at MYR3,400/ton.

Open interest on the BMD was 128,166 lots, versus 128,633 lots Thursday. One lot is equivalent to 25 tons.

A total of 31,440 lots of CPO were traded versus 33,591 lots Thursday.

 

Here is my chart on CPO price >> 

 Pls be alert on the red box floor... if it broken then there will be on more selling phase and also please be alert if any rebound happen when it hit the floor ^_^ ~ by tokan corner view