Crude Oil & SoyOil Weekly Analysis 30/1 - 3/2/2017

Salam,

Berikut adalah analisis bagi Crude Oil & Soy Oil bagi minggu ini.
Pada pemerhatian saya, kedua dua komoditi ini masih lagi dalam fasa correction / retracement, sebelum meneruskan kenaikan.

Signal inverted head and shoulder tidak boleh dipandang ringan.

crude oil

Soy Oil

Trading Analysis Update 12-16 December 2016

Hi all,
I'll  combine the Soy Oil/Crude Oil / CPO analysis in 1 post starting from this week.
Hope you don't mind it.

Looking at bigger picture, all of these commodities showing inverted head and shoulder pattern and yet to complete.

Therefore, in my humble opinion, we should channel our trading capital into Long position whenever possible, based on our interpretation to the market.

FCPO Daily

Crude Oil Daily

SoyOil Daily

For Class update:-

I'decided not to continue with my plan to conduct class for time being due to restriction on my schedule + ehemehemmmm I'm expecting to receive another family member soon.

So, Lets enjoy the moment that we have for now.

Cheers.

Crude Oil Analysis Update for 21-25 November 2016

Weekly 

Daily 

Crude Oil & Soy Oil Update 9.9.2016

At the moment - I didn't follow Crude Oil & Soy Oil too close due to restriction of my time at night (teaching my kids on their study & homeworks; playing with my other 2 kids which are below 5years old).

However, let's take a glance on what the chart trying to tell us.

This is crude chart.As we can see, it did breaks the last defense of bear sometime in August and test the fibo 61%. Currently, we see the engulfing bear candle appears last Friday. 50-50.

My guess......as long as 61% holds, I want to find BUY Opportunity.

Soy Oil - same pattern as Crude Oil. Last defense of Bear had been broken. (Demand >Supply).

Right now, price is in consolidation. Let's see if the price could move higher to FE 100% or more.

Soy Oil & FCPO travel on the same path. One goes up, the other one will follows. Vice versa.

OK that's all from me.

Crude Oil update EOD 5/2/2016

Let's look onto Crude Chart (zoom out chart)

I guess, it is already oversold.
But market does whatever it wants (based on majority of position)

Lets look what will happen this time.
Fundamentally, Productions are still far over from demand line, thus it will rules the price.

Harga sedap nak produce minyak untuk kebanyakan producer -  USD35/barrel. Lebih dari tu untung la.