Dear Friends, Associates & Graduates.
Wishing you a dazzling start to a brand New Year. Let us celebrate present and future success and the realisation of all our aspirations!
The year 2012 was remarkable. Our GMT Trend-Tracker nailed 8 out of 8 of the key major-moves of the crude palm oil futures market. (Please see chart). Hedgers and traders using this approach claimed major success in 2012.
BMD CRUDE PALM OIL MARCH, 2013 FUTURES-WEEKLY-GMT-TT SIGNALS
WHAT TO EXPECT IN 1st Quarter – 2013?
The GMTeoh Trend-Tracker ended the year on a positive mode and signalled the continuation of the upward recovery-rally. In Q1-2013, the BMD March futures have a immediate upside price target at the RM2,600-RM2,750 levels. Technical support in the event of any minor downward move in Q1 stands at the RM2,450-RM2,400 levels.
ICDX CRUDE PALM OIL MARCH, 2013 FUTURES-WEEKLY-GMT-TT SIGNALS
The Indonesian Commodity And Derivatives Exchange (ICDX) crude palm oil futures trended upwards in Q1, 2012 and entered into a downward cycle for the rest of the year.
Seven clear trade signals were given by the GMT Trend-Tracker in 2012 and each signal was followed by strong follow through activity. (See chart).
The latest buy-signal that was triggered in late-December, 2012 by the GMT-T-Tracker confirmed the start of a technical recovery-rally that could take values to the IR8,350-IR8,500 per kilo levels in the 1st Q, 2013
Support for the ICDX March futures now stands at the IR7,500-IR7,350 levels.
The Palm Oil Master Trader Tutorials (MTT) would be held in Kuala Lumpur, on 1st & 2nd March, 2013. This Tutorial is held ahead of the Bursa Malaysia POC.
For registration and further details kindly check out at “register-now” at www.palmoil-mtt.com or contact me.