Nov 9 2008, 03:05 PM
QUOTE(aurora97 @ Nov 9 2008, 02:04 PM)
My predictions for CPO.
Commodities stocks r definately the key, was told (a planter) that FFB production is at peak this Nov & Dec. Palm oil mills r refusing to take anymore more FFB from the field except for their own (especially from small stakeholders) forcing them to burry their harvest due to excess capacity.
The contract mths to look out for is Jan 09 Feb 09 (especially) and March 09 FCPO.
If u look at historical information for Nov 06 & Dec 06 and Jan 07 Feb 07 March 07, FCPO prices tend to close higher. I am supposing. (check KLSE web site)
Keep an eye on Dec 08 contract.
If it bucks the this trend than, can cross those fingers and hope for the worse to come.
Disclaimer:
Predictions, advise and forecast ("statements") given by Aurora97 are merely random statements that may or may not be based on facts, possibly fictitious scenario's, not fact checked and not well thought through. Users/Forumners whom choose to use such statements for the purpose of investment should do so at their own risk.
[
Added on November 9, 2008, 2:05 pm
its all about the money.
Russia needs cash being one of the leading oil producers, so does Venezuela.. i think this OPEC members r more desperate becoz they survive on oil exports.
That's true, for my hometown, some of them already suffer that, thinking of getting a small kebun cheap, looking now...Commodities stocks r definately the key, was told (a planter) that FFB production is at peak this Nov & Dec. Palm oil mills r refusing to take anymore more FFB from the field except for their own (especially from small stakeholders) forcing them to burry their harvest due to excess capacity.
The contract mths to look out for is Jan 09 Feb 09 (especially) and March 09 FCPO.
If u look at historical information for Nov 06 & Dec 06 and Jan 07 Feb 07 March 07, FCPO prices tend to close higher. I am supposing. (check KLSE web site)
Keep an eye on Dec 08 contract.
If it bucks the this trend than, can cross those fingers and hope for the worse to come.
Disclaimer:
Predictions, advise and forecast ("statements") given by Aurora97 are merely random statements that may or may not be based on facts, possibly fictitious scenario's, not fact checked and not well thought through. Users/Forumners whom choose to use such statements for the purpose of investment should do so at their own risk.
[
Added on November 9, 2008, 2:05 pm
its all about the money.
Russia needs cash being one of the leading oil producers, so does Venezuela.. i think this OPEC members r more desperate becoz they survive on oil exports.
We strife for a better world, but self-interest come first. We have to follow the trend and make something for ourselves in between. But frankly, I don't think oil can hike too much if economy is not improving, and oil hike sky high might kill the recovery immediately. God bless everybody
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). Good luck on your investment, you will pick up over the time. 
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