THE MONEY JOURNAL

SBO – Daily Chart: Bearish This will be my first time covering Soybean Oil (SBO). The news is now investors betting on more grain gains due to the weather threats from the US region to the Black Sea which may cause a decline in stockpiles. Based on SBO Daily chart, price has been moving within the down channel. Tenkan-sen has crossed below Kijun-sen and currently acting as a resistance for any upside movement for now. Nonetheless, if SBO happen to move higher, 31.2-31.34 pric

FCPO 4H Chart week ending 4 May 2018 - No signs of Solid Bulls yet If you follow our analysis since last month, and our warning of “don’t let April Fools you”, FCPO continues to go lower from the peak of ~2505 level, which coincides with the apex of the triangle. (Refer our earlier posting here) At that time some analysts are preaching FCPO has seen its bottom. We will try to move the time frame to 4H this time around. A quick recap on what happened on Friday, FCPO rebounded

FCPO - Daily Chart: Bearish We haven’t seen such volatility for a while. 1st week of April is a roller coaster ride and a heaven for intraday players scalping their profit in FCPO. Trump factor and the trade war between US and China impacted the market sentiment for our FCPO market. It’s a tough call for any fundamentalist as any tweet or remark by Donald Trump will easily influence the whole market. Any escalation on the trade war is seen to benefiting our FCPO market as dem

FCPO - Daily Chart: Bearish On 12 March 2018, FCPO hit 100% projection target level of 2349 from swing of 19 January 2018 (smaller wave 1) and 1 March 2018 (smaller wave 2). Price rallied from then on making higher highs and lows. Fundamentally it was driven by weaker ringgit against the dollar, higher exports expectation and Indonesia winning anti-dumping appeal against EU on biodiesel. Nonetheless, as a chartist, these news doesn’t cloud our price action analysis. Technical

FCPO - Daily Chart: Bearish Recall our analysis on the newsletter dated 25th Feb 18, support of 2400 was broken on Friday’s opening (9 March 18). FCPO made a low of 2468 on most-active contract. This is the lowest level since August 2016 as palm oil output seen rising in March for Malaysia and Indonesia. Based on our previous analysis, we mentioned that our Elliott Wave Count favours further downside movement to complete Wave 3 of (3) of ③. Technically speaking, the low of 24

Short-term trend on FCPO - Daily Chart: Neutral Gap opening and continuous rally of FCPO prices on 24 February 18 was fuelled by relentless drought in Argentina which sends supply crunch in the global soybean market. However, Dato’ Zakaria Arshad commented that good palm output and strong ringgit will keep CPO prices weak. Technically speaking, prices has been in a sideway range since mid-December 2017 (2450-2550). This sideway range is confirmed by Stochastics where it has f

Happy 2018 to our readers! It has been almost 2 months since our last Blog update. Our apology.. The team was embarking into a new project related to Automated Trading and Machine Learning for Futures Crude Palm Oil. Anyway, we hope all of us had a good Investment Return for 2017 and since we are still in the Bull run, let us ride this Bull Train together. Remember guys, let the profit runs and cut short the lose. To update our readers, our KLCI closed the year with a fantast

Below is a video tutorial on some of the cool features you can do with Metastock. Using Metastock Forecaster, you can create your own custom patterns to use in pattern recognition analysis. Double Bottom, Triple Bottom, Triple Top, Failed Swings... you name it just draw however you like on via this power tool and the program will search your desired pattern. There are two ways to make a custom pattern: User Defined Pattern Select - when you see a pattern on the chart that you

Monsoon season is here. On Friday 27 Oct 2017, CPO futures traded extended its gains supported by strength in overseas rival oil and rise in Oct export. Exports of Malaysian palm oil products rose 8.6%from 1,085,116 tonnes to 1,177,939 tonnes between 1 Oct to 25 Oct 2017. MPOA data release showed palm oil production up by 10.5%. For aggresive players: Resistance seems to be at RM2,820 which coincides with 50% fibo levels on Weeklys. Support seems to be at RM2,810 - 2,812 lev

It seems market was muted ahead of Malaysia's Budget 2018 announcement on Friday 27 October 2017. Price action on KLSE Composite seems to be bearish over the last few days. Will Malaysia's Budget 2018 create a new catalyst for a continuation Bull run of the index? Here are some of the charts that will guide you in the market movement for the next few weeks. On Weekly Time Frame: Price Trend Recent price movement indicates a stronger bearish trend. Expectation Price range is t