SGS Surveyor CPO Export Down By -2.24%

SGS Cargo Surveyor : Crude Palm Oil Export Down By -2.24% to 1,269,337.

FKLI Hourly Chart Coming Down Indeed

FKLI hourly chart has break down from the support level.
Hopefully that there won't be any 3rd quarter dressing at the afternoon session.

12:50 FCPO Hourly Chart Still Ranging

FCPO hourly chart still ranging below Bollinger Middle Band bias to the downside.
MACD histrogram is dropping but above 0 with reducing volume.
Another thing to take notice is that 61.1% of the volume traded is Buyer.
Short position traders should be alert !!!

12:30 pm Soy Oil Futures Down -0.05 @ 33.80

Soy oil futures daily chart is still trading below Bollinger Middle Band = Bearish
Bollinger Band width expanded suggested that the down trend will continue
Instead of dropping, there is not much changes on the MACD histrogram suggest that the market may have a technical rebound. Alert for FCPO traders on the short side ready to take profit or cut loss !!!

China Exchange Market Will Be Closed for 8 Days

China's Stock and Dalian Commodity Exchange will be close for eight-day national holiday.

ITS Surveyor CPO Export Down By -7.8%

ITS Cargo Surveyor : Crude Palm Oil Export Down By -7.8% to 1,227,983.

FCPO Total Open Interest Increase By 3458 Contracts

Bursa Malaysia FCPO total open interest increase by 3458 to 92125 contracts, at very high level. This is a plus for the current bearish FCPO market.

FKLI Daily Chart Still Supported

FKLI daily chart still trading above and supported by the Bollinger Middle Band = Bullish but Alert. Bollinger band width started to reduced suggested that market will be in consolidating. MACD Histrogram getting lower compare to yesterday = Bearish.
When to Buy : Buy at support but park cut loss below support.
When to Sell : Short if support level break with wider cut loss points.

DJIA ended down -47.16

DJIA daily chart still trading above the Bollinger Middle Band = Bullish. Having said that a negative divergence is forming = May be near the end of a Bullish Market. Bollinger band width continue to reduced suggested that market is still in side way range bound. MACD Histrogram getting lower compare to yesterday = Bearish.
Alert to those who have long postion.

20090929FCPO Daily Chart Still Bearish

On daily chart basis, FCPO price still trading below Bollinger Middle Band = Bearish
Bollinger band width reduced suggested that market is still in range bound
MACD Histrogram getting lower compare to yesterday = Bearish.
When to Buy : No long trade
When to Sell : Yes, short on resistant or break down