Futures

A contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash.

** Source from: www.investopedia.com

Tuesday, October 20, 2009

FCPO remains bullish

Palm oil stays within range for now. Market is very quiet and traders are waiting for a signal to proceed. Probably would be the Malaysian 2010 budget. Trading now could be tricky and stop losses are highly recommended this time.

My Opinion: Go for long position at a low point of 2160 and cut loss at 2110. 
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