Monthly Archives: December 2013

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OSK - Technical Analyzer_FKLI FCPO_20131226_RHB Retail Research

MBB -

Today, there will no price lead from soybean oil market as US remains closed. As seen from the chart above, the longest winning rally was a consecutive 6-day rally which took place on 21 August. Other than that we also see 5-day rally on 27 Sept and 28 Oct. We’re expecting the market to cool down for a bit after 4 straight days of rally.

The nearest resistance for today is pegged at 2638 and further up at 2650. The nearest support today is at 2610 and further down at 2592.
FCPO Daily Commentary - FCPO261213

Charts

TF60M

261213

TF5M

261213_TF5M

Komren.

Hari ini pada jam 3.00 ptg sepatutnya boleh BUY. rujuk strategi 5M5P

Views – 63

OSK - Technical Analyzer_FKLI FCPO_20131224_RHB Retail Research

MBB -

Overnight soyoil market continued to weaken which may exert downward pressure on the prices. We may see buyers and sellers struggling at around 2600 level again. However, the hike yesterday has once again resumed the uptrend for palm oil.
The nearest support for palm oil is 2600 and further down at 2578. Resistance is to be pegged at 2625 and further up a strong resistance at 2640.

FCPO Daily CommentaryFCPO241213

Charts

TF60M

241213_TF60M
TF5M
241213

Views – 65

OSK – Technical Analyzer_FKLI FCPO_20131223_RHB Retail Research

MBB

For the past 6 sessions, we saw a nice trading range between 2550 and 2600 and we expect this to continue for today amid quieter Christmas eve season. However, we have an upside bias from firmer soyoil prices and dry weather in South America which could affect the crop progress of Soybeans.The range for today could be pegged between 2560 and 2600 and further away at 2545 and 2620.

FCPO Daily Commentary - FCPO231213

Charts Hari ini

TF60M

231213_TF60

TF5M

231213

Berdasarkan charts yang terjadi, sepatutnya dah boleh buka pos BUY pada 10.35 pg. tetapi lambat tengok charts pagi ni kerana urusan lain. peluang dilepaskan begitu sahaja.

Views – 65

Manual ini adalah menceritakan berkenaan swing trading. Swing trading bermaksud kita monitor aras Support Dan Resistens secara aktif dan kita hanya berdagang dalam kawasan/had itu.

Point Berhenti(Stops) diletakkan pada titik support atau dibawah resistens untuk meminimakan kerugian. anda akan ditunjukkan untuk menentukan setups terbaik pada aras ini dan bagaimana untuk mengunci keuntungan ketika berdagang.

Sebelum memulakan tindakan trading sebenar, beberapa tindakan perlu dibuat:

  1. Amat penting, memulakan sesuatu konsep baru/strategi, pada kertas (strategy on paper) tanpa melibatkan wang sebenar. Hanya dengan melihat paten/strategi secara berterusan, anda akan merasa selesa dengannya. Anda mesti percaya peten akan berulang kembali. (Lakukan jual beli di atas kertas secara maya)
  2. Jika paten tidak diketahui, jangan trade. Jika anda tidak percaya dengannya, anda akan dapat mengatasi kerugian.
  3. Musuh utama dalam berdagang adalah arah yang bertentangan, pandangan tentang arah pasaran samada oleh anda, FBR atau rakan-rakan.  Rahsia  terpenting adalah: mendengar pasaran dan jangan dedahkan diri anda mengatasi pasaran.
  4. Setiap individu mempunyai keistimewaan dan keunikan, oleh itu apa yang sesuai bagi mereka belum tentu sesuai untuk anda. Tumpukan perhatian pada apa yang anda pelajari dan tukarkan menjadi stail Trading anda.
  5. Point yang sangat penting : Stop Loss order! Stops/Berhenti adalah sangat penting untuk anda sebagai kawalan jika berlaku perkara tak diingini. Ingat, kita berdagang pada kemungkinan sahaja.
  6. Akhirnya, walaupun terdapat berbagai paten trading, anda hanya perlukan SATU strategi untuk berjaya. Kebanyakan trader terbaik yang berjaya sebab mereka trade menggunakan satu strategi. Belajar sehingga pakar satu perkara dahulu.

Views – 100

FCPO Market Players

Who trade in the FCPO? There are two primary types of players in the futures market; the hedgers and the speculators.

Hedger

Hedgers are the people, mostly palm oil planter, oil millers, cooking oil manufacturers, importers and exporters, who wish to secure a future price for crude palm oil in order to protect themselves against the volatility of the crude palm oil price. In other words, hedgers use FCPO contracts to protect themselves against price risks.
Take for example, in March; a palm oil producer expects to harvest at least 25,000 tons of Palm Oil in June. Say that the FCPO contract for June trades in June for RM3500 per metric ton. By selling the FCPO June contract at RM3500 in March, he can secure a price for his palm oil price and protect himself against the possibility of falling prices of palm oil in June. Even if crude palm oil prices were
to drop to RM3000 when comes to June, the producer had successfully locked in the price of RM3500 by hedging it with FCPO.
Another example: Suppose that ABC cooking oil knows that in six months time it will have to buy 5,000 tons of crude palm oil to fulfill an order. Let’s say the price for crude palm oil is RM3400 per metric ton in March and the futures price for September Contract is RM3500 per metric ton. By buying the FCPO contract, ABC cooking oil can secure a price of RM3500 per metric ton in which reduces the company’s exposure to price risks. Even if crude palm oil prices shot up to RM3800 per metric ton  ABC cooking oil will be able to close its futures position and have successfully bought 5,000 tons of  crude palm oil at RM3500 per metric ton.

Speculators

The speculators on the other hand, are very difference from hedgers. Hedgers use futures to mitigate  risk whereas speculators use futures to benefit from the risk itself. Speculators are individuals who prefer to profit from the risk that the hedgers are protecting themselves against.
Since higher risks provide higher returns, the speculators enjoy such volatility as it brings them substantial benefits. Thus, speculators do not intend to own the crude palm oil of their futures contract.  Rather, a speculator would enter a market to seek profit and take the profit by offsetting their position  in the market (buy what is sold, sell what is bought) after benefiting from the rise and fall of prices.
There are many types of speculators. They all have different trading methodologies and their style varies from one to another. For private speculators, they may specialize in FCPO and only trade that FCPO day after day.
For example, Janice may trade solely the FCPO only and she only specializes in that particular commodity and trades it every day. This will make her a private speculator. There are also traders who buy or sell FCPO at the slightest move of the price; for example, fraction of
a tick. These traders are called scalpers and they are very active in the market, hoping to secure a profit through the small movements of the price.
There are also day traders who buy and sell contracts throughout the day and then closing their position before the session ends. There are also position traders where they will hold their position for days, weeks or months.  It is obvious that there are different speculators that trade with different styles and preferences. There  are no holly grail. All approaches are unique to each speculator and if one can find a profitable trading  strategy in a particular method; they will almost usually stick to what works for them. However, what  works for one may not work for others.

Views – 82