Melting Down

LoL!

After: Soybean Oil Being Hit!

Limit Down! Cousin FCPO will be next in line to take the hit. Risks/Rewards traders will have big pay day I guess...

Soybean Oil Being Hit!

Soybean Oil Futures Trading News 12/Nov/2010 - Holy Smoke! Very close to limit down price 52.53 anytime now!

See You at the Top!!! Part II

About FCPO, my "friend" likes to state "only the sky is the limit for a bull market" which I think that's an highly subjective, exaggerating and opinion oriented statement. LOL! However, looking at this chart, I can't help but start to fantasize how high it will go. See you at the top! LOL!!!

Bonus: This FCPO bull provided plenty of entry opportunities (for short to mid term play). Like this one. Do you see what I See? Looks like I am giving my secret away freely... LOL! (Yes, I am merely bullshitting ;)

Soybean Oil Approaching 50.00

Not without resistance! A mini pull-back took place earlier today, and it is now at a critical level. We shall see how it fares in its next session. FCPO bulls better keep your fingers crossed. LOL!

Soybean Oil Hit the Roof!

Soybean Oil Futures Trading News 8/Oct/2010 - Mama Mia! Gap Up Opening Price and Limit Up! Crude Palm Oil Bulls are gonna hit the jackpot in 60hrs time.

Yesss, finally it CAME!

Crude Palm Oil Futures News - Compared with its previous high, today a even stronger move to trigger Turtles' buy orders? trigger Shorties' stops? trigger Chart Pattern lovers' handle buy orders? WHATEVER... this is the beauty of commodities market, everyone seems to make money when it TRENDS. LOL!

Looks like the floodgate is open!

"Waterfall" chart pattern for oilseed No.1 market Soybean Oil 60m chart, LOL! I am afraid the No.2 market which is our local oilseed Crude Palm Oil will take the cue to follow the flow! As in most cases, No.1 Leads, No.2 Follows, LOL!

As Flat as a Pancake

Check out this shorter time frame of Soybean Oil chart. My post title says it all! LOL! A little spookily boring actually, whether you are holding Long or Short position on this.

Now It Gets Very Obvious

And the herds shall follow... LOL!

Now It Gets More Obvious

and it is not helping its cousin FCPO! LOL!

Guess Not!

Further to last nite's SO price actions, guess the US$42 was not convincingly broken yet. This shorter time frame price chart telling the story. LOL!

SoyBean Oil Taking Off!

Shorter time frame of SO prices are now piercing through the 42.00 resistance. This will set the bullish tone for tomorrow's FCPO market action. No kidding. LOL!