Looking at how the Bollinger band (red and greed)has contract. The price has dropped below 1800. I recommend short now. Perhaps you might see some rebound now and then, put your stop at 1810. Track your stop loss. Approx 1700 should be the next major support.

On Friday, CPO closed at 1830 after trying to break the 1875 Resistance. It is still too weak to go up. See the extra high volume up bard closing in the middle, the demand is just not there to support the move.
Look at crude oil..OPEC cut output to push the price up. But the [...]

The CPO has gone up to 1850 and dropped back t0 1800 - 1830 region. I am expecting the CPO to perform weaker in the coming days. 1800 is the big support. If it break below this level, I will SHORT. 1875 is the resistance level (white MA). A lot of demand and volume [...]

I am still looking at short opportunity as there’s no strength coming in yet. It appears that 1875 is still the near term resistance. Question is will the “OBAMA” effect makes the sheep behave differently? I don’t think so. Pay close attention when the price is moving near the 50 MA (white). It is [...]

Finally back in business. Missed out golden opportunity to SHORT on the 7th Jan when the super high volume DOJI appear. The market has been over-stimulated by the crude oil price. However the trend is still down. If tomorrow it does not past 1875 and display weaknesses, a SHORT trade should be consider. Near [...]