Oil and Gold Outlook (Next Week 21-25 May 2012)

Gold Outlook - It's breaching the support and get in back with strong Engulfing candle on daily chart. So I go for BUY position. But I think this is temporary and the price shall trying another low (until US election is over)

Oil Outlook - still Bear.

FCPO Outlook (Next Week 21-25 May 2012)

Daily Chart FCPO

Weekly Chart

Salam and Hi to all FCPO traders,
With more and more bad news coming from Europe and US, we shall see market going down further and further.
On Chart (Daily),FCPO price has arrived at support of 3037 and rebound from there. However, it is not a sign of BULL kicking in. We shall wait for the confirmation (bull pattern)

I'll not trading next week as I need to travel to Labuan and Kota Kinabalu (Work related).
Happy trading to all.

Gold & Oil Outlook (14May-18 May 2012)

Hi all,
Now, let's look into Gold and Oil forecast for next week.
Gold - shall test the support (major support). Breaking the support line, we will see Gold going down further. With the bad news coming and keep coming, I guess, a lot of investors outside there now turning to USD as their safe heaven (WTF!).

Oil - shall going further south? we shall see. With OPEC intervention, Oil price shall be stabilize again.
p/s - don't you see on weekly graph, Oil price is very likely to have a long shadow (upper and lower).

happy trading to all. muahsss...

FCPO outlook (next week - 14-18 May 2012)

Hi all,

hopefully all of FCPO retail trader had gained profit last week, riding the BEAR market.

FCPO price movement last week was 123 point (high-low).

I managed to gained around 60 point last week. Alhamdulillah.

so far, the my trading result for FCPO is 10 Win 2 Loss. Doakan kejayaanku. Amin.

Next Week, what we want to do is to continue looking for SELL/SHORT set-up (if available). The Bull is resting now.

What I observed up to today (after about 2 month trading FCPO)

1. FCPO volume indicator is quite reliable as it shows total volume for the FCPO market, which is based in Malaysia - not like in MT4, where it is based on broker.

2. Any global news shall give impact to the market (because Malaysia exporting the palm oil to other countries, any bad news from other parts of the world shall gave impact to the exports).

Ok. Enough for now. Happy trading and aim for profit.

Don't forget to donate 1point of your profit from each trading to those need it most. 1point = RM25.

FCPO Outlook (Next Week - 7-11 May 2012)

Hi FCPO traders,
Looking at the candle pattern (Weekly) - there was hammer pattern formed last 2 week, followed by confirmation candle last week.

On Daily Chart, the candle has breach 50SMA line.
My advice to myself. Please find SELL opportunity for the time being.
Sell on the pullback to the fibonacci retracement area.
till then, happy trading to all.

Gold & Oil Outlook (7May-11May 2012)

Hi traders,
some update on Gold & Oil forecasting.
Gold - Weekly chart showing BEAR candle. However, the price is still in sideway. We want it to break the trendline before we go together with its flow. So, guess...which direction the price going to go next week....

Oil - Big BEAR candle eat up all previous few weeks price gain...we may want to enter on the retracement point from the big candle....North or South.... I go for SOUTH this time.