QUOTE(mobiusone @ Jun 4 2006, 08:31 PM)
yea,a lot of people expecting cpo to have a bull run around these few months,or should i say 2nd half of the year.Bull or bear i do not know,but i do know the cpo market will have a huge price movement within these few months.
Some of them are pretty optimistic too, and told me that i should just invest my money in the cpo market instead of dividend stocks,some even predict that the price will move by 200 points lol.
oh btw..i'm not sure fkli will go down,i just act according to my trading system.The sell signal appeared during the last few hours during friday.Maybe the minor uptrend will still continue,i hope not lol.
CPO is bullish mainly because of market expects Bio-diesel will start its production on 2007 but the good harvest season of Soy Bean has dragged down the CPO for the last 2 months. Don't know which way the CPO will go since personally think that the bio-diesel won't have major impact in the market as lot of analysts predicted (at least for this decade), it is bullish merely on prospect rather than fundamental. A lot of factor need to be sorted out before bio-diesel can be widely used eg. engine, distribution, impact of the maintenance, production cost (since until now it is much more expensive to be produced than purely fossil fuel diesel)Some of them are pretty optimistic too, and told me that i should just invest my money in the cpo market instead of dividend stocks,some even predict that the price will move by 200 points lol.
oh btw..i'm not sure fkli will go down,i just act according to my trading system.The sell signal appeared during the last few hours during friday.Maybe the minor uptrend will still continue,i hope not lol.
For FKLI, technically, the upward trend for last few months has been breached. For next few week, the overseas market will have lot of influence how the cash market performs. Generally, there is some big scale of sell-off particular for Asia-Pacific bourses due to US interest rate concern and inflation shows no sign of cooling down. Whether the sell-off trend has been receding, no one can correctly guess it. That's why the futures (JUN) is trading at a record discount rate of 20+ points for last week before closing the gap to 13-15 points last friday.
Jun 5 2006, 12:10 AM
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