CPO Biz At 12.30pm And ZL's Positions and 6.00pm closing update positions

My CPO positions attained today >>> 2455/2451/2444/2442/2442 = 12234 / 5 = 2446.8 or 2447 average. Pending stoploss at 2430.

Crude Oil Pares Early Gains; Likely To Remain Steady

Crude pares some of the gains made early in Asian trading hours, failing to stay long above $75/bbl. Disappointed investors closed longs as "market sentiment turned a little weak."

BMD CPO futures down in thin trade; market awaiting buyers

Benchmark April CPO contract down MYR7 at MYR2,438/ton. "Chinese buyers are already well-stocked up for Chinese New Year and buying activity today is pretty sluggish after the long weekend.

This trade will be updated HERE when positions closed today or HOLD overnight

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ZL's CPO positions updates & commentaries cum explaination attn >>> Najib

BUY ave 2446.8

SELL ave 2460.4

End results >>> 2460.4 - 2446.8 = 13.6 ticks X 5 = 68 ticks total

The IN & OUT numbers are marked in above & below CPO 15 mins Chart and self explainatory.

Why ZL did not surrender at exactly 2430 TS as stated right at the top of this article >>> The words PENDING STOPLOSS means 2430 is unfixed & unconfirmed. It was a number where one can only afford to lose so much and ZL can afford that and a little bit more but definitely not 2400 TS.

Here are my given answers >>> acceptable or not, ZL leave that to your discreetion >>>
CPO closed 2438 at MP 12.30pm and reopened 2432 with a volume spike HIGHER than the past 1.5 hour b4 the break & 2427 was hit in less than 2.5 MINUTES or 2 min: 24 seconds to be EXACT.
Since I'm already "caught" with 17 ticks per lot losses >>> what the heck should I force sell myself which I optimistically think they are doing. Those look more like margin calls than self voluntary cutloss to ZL >>>

Therefore ZL declared openly when CPO was 2430 (b4 it hit 2427) >>> HOLD for a little longer in open ChatBox read by all those who login then. No excuses other than the truth .

KY knows, IDM read and most regular chatters would hv read my TS cancellation BEFORE 2427 came around . You can say ZL decided to "lawan" in under 2 minutes of 3.00pm reopening.

Technically >>> this is what ZL spotted other than just the PRICE & VOLUME
1) RSI >>> The Relative Strength Index dipped slightly from the firesale but still hovers at 44.4 at 3.02pm >>> NEUTRAL zone. My experiences (& gut instincts) said HOLD ZL HOLD
2) The LOWER BOLLINGER was still CONTRACTING not EXPANDING >>> another clue some bottom pickings going on.

Had the lower BB WIDEN then, reasons to cutloss increases. What the 15 mins BB did the next 1 hour concurred CPO bargain hunters on the move ....
3) Fast Stoch showing 18.9 (14-days) & 23.7 (3-days) which can be considered closest to OVERSOLD region. To some TA geeks Stoch at level 20 +/- is bearish but ZL happens to be an optimist or I rather chose to be one. Can you blame me?

This oscillator convictions were more on BUY than SELL

Today is a battle hardened day and the profits made were not without a tough wrestling match with the bears.

Hopefully ZL's explaination is resonable enough to be accepted by many especially commenter NAJIB.

Note : NAJIB made a comment under this article b4 CPO closed at 6.00pm.

TQVM & GOODLUCK TO ONE & ALL TOMORROW