Morning Updtaes - FCPO, Soybean Oil, Soybean Futures 23 Sept 2013

Morning Traders,

The full article market updates has been posted on the main website's blog section. Please read the full article there.

Here is a brief summary of the article.

1) Market closed lower for the grains and opened lower this morning.
2) My Short Term and Long Term Strategy is still showing short.
3) I will maintain a short call.

Please read the full article in the main website blog section.

Best Wishes,
Tech Trader

Malaysian Crude Palm Oil Futures | 19 Sept 2013 Market Updates

Dear Traders,

The market updates for 19th Sept 2013 for FCPO, Soybean Oil and Soybean has been posted on my main site's blog. You can access the Malaysian Online Trading Blog by following the link here.

Here is a brief summary of the article.

1) CBOT grains traded higher, Gapped up this morning after Fed's anouncement.
2) Short Term Strategy has turned LONG and Long Term Strategy is Neutral.
3) Calling for FCPO to test major resistance of RM2350-70 levels.

Read the full article for the support and resistance levels in the main website's blog section.

Trade safe and make some money!

Sincerely,
Tech Trader

FCPO Trading | Soybean Oil, Soybean Futures 4 Sept 2013

Morning Traders,

Looks like we may have a roller coaster ride for today. May not be looking too good if you were long yesterday.

Short Term and Long Term strategy both have turned short now. Soybean is not able to overcome the $44.40 level while Soybean is not able to overcome its $1388 level conclusively.

FCPO was trading relatively weak compared to the other grains for yesterday.

Read the full article at the main website's blog.

Best Wishes,
Tech Trader

FCPO Trading, Soybean Oil & Soybean Futures | Market Updates, Review and Commentary - 3rd Sept 2013

Morning Traders,

Here is your latest summary for 3rd Sept 2013 FCPO trading. You can read the full article at the ultimate Malaysian Online Trading Website's blog.

Here is the summary for today:

1) Grains gap up higher, but unable to maintain upper levels.
2) Soybean Oil has pulled back from the highs and this does not indicate strength.
3) My Short Tern Strategy remains long, and my Long Term Strategy is at NEUTRAL.

Read the major support and resistance levels in the full article at the main site's blog.

Best Wishes,
Tech Trader

FCPO (Malaysian Crude Palm Oil) Trading, Soybean Oil, Soybean Futures Market Updates, Review and Commentary - 2nd Sept 2013

Morning Traders,

The market updates for FCPO (Malaysian Crude Palm Oil futures), Soybean Oil and Soybean futures has been updated in the main website pages under the blog section.

Here is the summary of the article:

1) US market is closed for Labor Day so there will be no trading in the grains.
2) Grains closed much better from their lows on on Friday.
3) Short Term Strategy is moderate long while Long Term Strategy is Neutral to slight bias to long side based on last Friday's closing price.
4) Support for FCPO is at RM2400, and next level is quite far away at RM2365 to RM2340 area.

Read the full article in the main Malaysian Online Trading Website's blog section.

Trade safe and make some money!

Best Wishes,
Tech Trader

Daily Market Updates, Commentary, Review - CPO Futures, CBOT Soybean and Soybean Oil Futures - 29th August 2013

Morning Traders,

I apologize for the downtime in the hosting service for my main website yesterday.

The website is up and running already. You can read the full article for today's FCPO, Soybean Oil and Soybean Futures at www.ultimatetradingforbeginners.com/blog/

Here is a brief summary of the article:

1) Short Term Strategy is swinging between NEUTRAL to Slight Short
2) Long Term Strategy Remains LONG side
3) There will be USDA report tonight, grains expected to be range trading until numbers are out.
4) Trading for FCPO, may be choppy too, RM2470 remains as major resistance.

Please read the full article in our main online trading website.

Thanks and see you there!

Best Wishes,
Tech Trader

Daily Market Updates - FCPO, Soybean Oil, Soybean Futures 28th August 2013

Dear Traders,

The main Online trading website is having hosting server issues. I am looking to change my hosting services after this.

So I will post the daily market updates here instead today.

Here are the updates for today. We will dive into the grains futures first before going into FCPO.

Soybean Oil - /ZL

Soybean closed yesterday down but bounce back again to about the same level as yesterday morning and is now trading at $44.68, which is just above the $44.40 major support. There should be well supported areas all the way from this major support of $44.40 all the way to $43.60 so this should good news for longs in the market. My Short Term strategy is still long but it is just SLIGHTLY above neutral. As this short term strategy is very dynamic, it can change during the course of the trading day. For example, if FCPO is strong during trading, it may pull the point value of this short term strategy as it covers most of the major grains product. My Long Term Strategy has increased further in the LONG direction. I will maintain a LONG call at SUPPORT for this product, but do take note of the resistance above at $45.50 and $46.00.

Soybean - /ZS

Soybean’s price also behaved like its oil counterpart and close down for yesterday but opened higher when trading resumed. It is now trading at $1386 which is just under the $1388 resistance I have identified on Monday despite making a new high of $1409.50 last night. Soybean remains one of the strongest grains currently and if not for this major resistance, I’m sure it will go up further. So, until this $1388 level is overcome conclusively, then we will have to respect that level accordingly as it is a MAJOR resistance. IF it is able to break this level in the coming days, I’m thinking another $50-$80 point further is a possibility. The key word is IF, so we need to watch this resistance level closely. There will be support at $1365 to $1350 and at $1335.

FCPO

Yesterday, FCPO opened at above the RM2435 resistance and went on to test the RM2470 resistance that I have identified in the last two letters making a high of RM2468. Although my direction call has been right, I have been finding it difficult to find the right entry to enter into the market for day trading. However for those who held the position overnight, you should have some nice change in your pockets. For me it is pretty much the same for today. My Short Term strategy still remains on the LONG side while my Long Term Strategy has also turned LONG. So I will want to be position on the long side also. But what I will NOT do is to go long at RESISTANCE which is towards the area of RM2470. Although doing this may cause me to miss some trades, but I am calmer like this for not taking unnecessary risk for the portfolio. I would rather take high probability trades that give me maximum returns at lower risk. So for today, I will want to still be position to the long side, but only look to buy at SUPPORT. Should price trade too close to resistance of RM2470, then I may just wait for price to pull back then decide again. In fact, this RM2470 is such a crucial level that, if price can break this level, we may be looking at the good ol’ days for CPO again.

I will update again should there be any major changes later.

Please ignore grammatical errors..

For now, trade safe and make some money.

 

Best Wishes,
Tech Trader

Market Review, Commentary & Updates | CPO, Soybean Oil & Soybean Futures 27 August 2013

Dear Traders,

Many apologies for the late update today as my website hosting went down for the whole morning! Gosh..

The market updates for FCPO, Soybean Oil and Soybean Futures has been updated in the blog section of the Malaysian Online Trading Website.

Here is a brief summary:

Soybean Oil and Soybean traded strongly yesterday but I will only look to go long at support. The next resistance after RM2420 to RM2435 is the RM2470 which will be a major resistance.

Read the full article in the online trading website for this blog.

See you there!

Sincerely,
Tech Trader

Market Reviews, Tips and Commentaries - CPO, Soybean Oil & Soybean Futures 26th August 2013

Dear Traders,

The latest updates for FCPO, Soybean Oil and Soybean Futures has been updates on the blog section of the Malaysian Online Trading website that I run.

Here is a brief summary for the article:

The grains opened up strongly this morning and gap up. Soybean Oil is currently testing its resistance while Soybean remains one of the strongest product and might test the $1388 soon.

I think we may wee a test of $2420 to $2435 in the coming days which is a resistance we have identified previously. The major resistance is $2470 so please take note of that. Read more of this article at www.ultimatetradingforbeginners.com under the blog section.

Best Wishes,
Tech Trader

Daily Market Updates - FCPO, Soybean Oil and Soybean Futures 23rd August 2013

Morning Traders,

The daily updates for Malaysian Crude Palm Oil Futures, CBOT Soybean Oil Futures and Soybean Futures has been posted on my main website. You can view the full article by on the Malaysian online trading blog here.

Here is the summary for the article.

Basically, my Short Term Trend has turned slightly short and my long term trend still remains to the downside but with improved sentiments from the low. As the FCPO is still performing strong, I am not looking to short this product but will want to wait for price to settle on some support levels first. As it is Friday, I would most likely only day trade the position. Read the full article on my main Malaysian online trading website in the blog section.

See you there!

Best Wishes,
Tech Trader