Here a possible long trade opportunity. The CPO is seen congested at 1875 - 1890 level. Long here and out your STOP LOSS @ 1870. The resistance currently is at 1890 level. Crude oil looking strong currently and the resistance has been tested multiple times. The real momentum will come about 4.30pm. Look out [...]

Shorted CPO in the morning after the huge gapped down due to the weakened Crude Oil. I was using the diamonds as my trading guidance (Using Trade Guider software). Shorted @ 1858. When the ultra high volume down bar appear, it could mean that there’s some climatic selling action. The next DOJI means that [...]

Previous post was stated that to enter SHORT trade if close below 1009 (this is a support level). It failed to do so and rebounded. Now it is in a congested area. Once again, this is how important the entry point is. We need to enter only the trend is confirmed (Ie: closed below [...]

Looks like the Bursa KLOFFE is not going any strong despite of the US senate approval of the bail out plan. The market is still looking very bearish with all the data pointed to the negative side. In short term, the KLOFFE will be going down further if close below 1009. Short if below 1009 [...]

The Crude Oil Rebounded to USD100 level since the low seen a few days ago. Look at the 30days MA. The price is supported at the 101.00 level now. As bollinger band is also becoming narrow, a change of trend is definite in tonite US trading session. As this moment, no one could really [...]