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

Daily Market Updates - FCPO, Soybean Oil & Soybean Futures 22 Aug 2013

Dear Traders,

The daily market updates for Malaysian Crude Palm Oil - CPO, Soybean Oil Futures and Soybean Futures has been posted on my main website. Please feel free to read the full article there.

Here's a brief summary of the article:

Soybean Oil is still in a consolidation phase and still trading below resistance. Will remain Neutral in this product until further indication from buyers or seller's strength. I'm thinking of slight upside bias for FCPO today but just for day trades. Please visit the blog section of my online trading website for the full article.

Best Wishes,
Tech Trader

Daily Market Updates - 21th August 2013 - CPO, Soybean Oil and Soybean Futures

Dear All,

The market updates for 21th August 2013 has been updated under the blog section of my main online trading website. Please read the full article there.

I find it quite difficult to read the market today as we are trading between major support and resistance levels while my short term strategy has turned short while my long term strategy remains short with improved sentiments.

It is possibly they we might just see sideways type of price action. So we shall see. See you at my main site.

Best Wishes,
Tech Trader

Daily Market Updates - 20th August 2013

Dear Traders,

The daily updates for CBOT Grains /ZL - Soybean Oil Futures and /ZS Soybean Futures and the Malaysian Crude Palm Oil Futures has been posted on www.ultimatetradingforbeginners.com under the blog section.

Here is a brief summary:

Prices of the respective grains are still testing the resistance above but still unable to break above conclusively yet. Not looking to short, but will not establish any longs until further price action unfolds.

Read the full article at the website above.

Best Wishes,
Tech Trader

Crude Palm Oil Futures - US Grains - Soybean Oil and Soybean Futures

Dear All,

The grains market seems to still be on the upside. I have posted the latest support and resistance levels and also my views on www.ultimatetradingforbeginners.com

Please check out the the blog section for the full article.

Thanks.

Best Wishes,
Tech Trader

FCPO and CBOT grains 16th August 2013

Dear all,

The market updates for CBOT grains and FCPO has been updated on the blog section of www.ultimatetradingforbeginners.com

Take care and see you there!

Best wishes,

Tech Trader

15 Aug 2013 - US grains soybean oil, soybean and fcpo market updates

Dear all,

I have updated on the latest market updates for US grains Soybean oil and soybean futures and also FCPO in the blog section of www.ultimatetradingforbeginners.com

See you there.

Tech Trader

Market Updates - Forex Trading and Futures Trading Malaysia

Here are some updates for today.

Usually it is Friday and sometimes it is better to not trade as Friday has a tendency to be choppy. This is according to the blog spost by the admin of www.ultimatewebmaster.com.

The Canadian economic report came out much worst than expected. The US Dollar strengthened against the Canadian Dollar and reversed the loss for today into positive Territory. I found the blog by by Ultimate to be very insightful and they update information about trading and the market almost daily. You can check out their online trading blog here.

Market will be opened in 8 minutes to strap in and lets rumble!

Tech Trader

A new webmaster online website building and design company

Dear Readers,

I have discovered a new company based in Kuala Lumpur and Selangor Malaysia which builds websites for other companies on a few terms basis such as:

1) For a fee (view their packages section)
2) For free - but profit sharing on sales basis.

Please give them a look and see what's up over there. Ciao!

Ciao All!

Online trading course Malaysia

Dear All,

Please visit a new online trading for Malaysia site which belongs to a friend.

The site provides regular updates about the current market so do check back regularly.

The sites focuses on trading of US index futures and forex.

Take care and I'll get more info from the site and post some of the information here too. Ciao!