Wednesday, 4 May 2011

Thursday - May 5

Based on morning session... Sifu expected FCPO to rise further 3300. If break above 3300, take profit for open long position ... CBOT Soybean and Corn will rise coz of Banjir di US and hujan lebat menyebabkan harvesting slow. Currently price of FCPO is quiet expensive - Based Trader said...

End Stock for April likely to be more than March. Higher production capping the rise of FCPO.

Open long at lower point with quick take profit... Eye on 3300 for evening session.