long?

Fedor..holding any position?

if it stables around here, no harm trying long..place a stop below 2146

Fedor!! Welcome back! How was your celebration brunch? hahaha...so..what's the outlook for you today?

Both of them probably enjoying good brunch, celebrating recent winnings together..haha

long on retracement azrul

yup...today onwards July will be the active month

watch out for 2204..market movement will depend on whether market breaks above this level or not

Good day everyone!! Hopefully everyone managed to take a good rest yesterday and battle strongly today!

thank you Baymax for liking our commentary post today!

looks like everyone fallen asleep d..good not to trade today i believe..wait for market to show clearer signal...might take two more days or so

but higher risk for buyer as market had swift recovery yesterday.Profit target is around 2191. I rather stay out today and wait for market to exhaust.

market holding strong... leaning towards upside today

so quiet... seems supportted

what u see fedor..

good morning ppl

such a humble dude:) we are just sharing la..everyone is equal here:)

looks like Fedor is right again..2160-2170 by this week, could even be tmr:)

Fedor..great minds think alike..hehe..but i don't think it should rebound too high la..if 2170 then the chart will go haywire d..kekeke

April 13 (Reuters) - Palm prices will likely trade between 2,100 ringgit ($573) and 2,300 ringgit until May, leading vegetable oil analyst Dorab Mistry said on Monday, cutting an earlier estimate by as much as 16 percent due to poor demand and slow take-up for biofuels.

Malaysian palm prices 1FCPOc3, which set the tone for global prices, have fallen more than 6 percent this year as record harvests of rival oilseeds and weak crude oil prices dented appetite for palm in both the food and fuel sectors.

Mistry last month said palm was set for a "year of two halves" and predicted prices would rise to 2,500 ringgit by May on lower stocks and output levels, but then drop to about 2,100 ringgit as production picks up from July.

But lagging biodiesel policies from Indonesia, as well as slower purchases from key buyers China and India, had given prices a "deadly cocktail" that crimped gains, Mistry said.

Palm oil is currently trading at just over 2,100 ringgit, having lost nearly 3 percent last week and around 10 percent since early March.

Indonesia's failure to fully implement a 10 percent biodiesel mandate has left investors uncertain about whether the top producer can consume an expected 2.5-3.0 million tonnes of palm-biodiesel by the end of 2015, despite new policies to boost the sector.

"The market is in no mood to take Indonesian promises at face value," Mistry said in the text of a speech deliverd by video at an oilseeds conference in Beijing on Monday.

"Prices may rally whenever Indonesia calls its first biodiesel tender under the new rules. However, my suspicion is that each rally will be vigorously sold," he added.

As inventories and output begin to climb, palm prices may sink to 1,900 ringgit in the second half of 2015, Mistry said, based on the assumption that Brent crude prices LCOc1 are trading between $50 and $70 a barrel.

Indonesia's proposed export levies on its crude and processed palm oil grades may also lead to prices of free-on-board refined, bleached and deodorized palm olein falling to as little as $540 a tonne in September, he said.

Despite big soy harvests from the United States and South America, the world's top soybean importer China has not rushed to soak up the abundant supplies, Mistry said, which will pose headwinds for edible oils.

Mistry, who heads the vegetable oil trading arm at India's Godrej Industries GODI.NS, said soybean prices may fall below $9 a bushel and drop further to $8 on the back of a large U.S. soy crop in 2015.

Mistry cut his forecast for global edible oil demand growth this year to 3.0 million tonnes from 3.5 million tonnes earlier, and said he expects biodiesel demand to shrink by 1 million tonnes.

hahaha...so greedy..mine 43/62

I afraid could be on the upside today Fedor..especially if market were to hold firm above 2114

A boring day today it seems...high low probably achieved already

Fedor..where to short today for you?

welcome back azrul33!

morning comrades!! is everyone ready?

Fedor is right...factors like RM are part of fundamental...as proven once again today, if charts shows selling..we should just sell instead of looking at other fundamental issues.

haha..that's the way!! Let's gather more ppl to benefit from our trading! I somehow feel that there are ppl who are reading/following us but shy to comment:)

longorshort..managed to make some tea money today?

oops...5.19pm achieved liao..hahaha

2127 before 5.30pm?

let's gang up and laugh to the bank together:)

matter of time buyers will give up...

2114/2118 by today..anyone? hahaha

Fedor should have shorted too? 2155-2158?

yup..with weaker RM and stronger bean and dalian..looks like it could rebound further first

good planning..i think can sell around 2157 and put a stop loss around 2174

Fedor..apa macam today?

longorshort...reinstating your selling today?

FKLI looks firm again today. Last Thursday and Friday proven to be a healthy correction:)

intraday gap closed

I feel market will be really weak if it can't rebound above 2114 today

good analysis indeed Fedor..however, what we trying to emphasis is market's undertone is really bearish. There's a good chance of market flushing down all the way, especially if it breaks below 2082

u mean the intraday gap at 2128?

MClove diam diam laughing to the bank now..haha

time will tell:)

2082/2042/1978

nice fedor! hold the overnight position!

hahaha...nvm...find opportunity to short again when it rebounds..DO NOT turn buy ya!

longorshort...don't exit so fast! More to come!