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1081-1100 of 1253
Looks like IndoAgri still have some room more to go for this rebound.
http://mystocksinvesting.com/singapore-stocks/indoagri/indoagri-short-term-rebound/
Palm oil hit 1 year high 2615 RM on supply concerns.....First Resources up 14 cents today....taking turns to rally....
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
MtFaber ( Date: 31-Oct-2013 14:05) Posted:
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0.90 is at the top of channel and also was support back in mid July. If fail to break through, may fall back to 0.85. However, this counter seemed to have reversed the down trend in the short term shown by the cross over of the MA. Meaningful uptrend need to be confirmed by the weekly chart.
Hope this helps!
Palm Oil Extends Rally to Eight-Month High on Supply Concerns
By Ranjeetha Pakiam - Oct 30, 2013 2:46 PM GMT+0800
Q
Palm rallied to the highest level in eight months on speculation that output in Malaysia, the world?s second-largest producer, will drop starting next month because of growing cycles and the onset of monsoon.
The contract for delivery in January advanced as much as 2.3 percent to 2,555 ringgit ($810) a metric ton on the Bursa Malaysia Derivatives, matching the intraday high for futures on Feb. 22, before trading at 2,551 ringgit by the midday break. Palm for physical delivery in November was at 2,540 ringgit, data compiled by Bloomberg show.
While palm oil is produced year-round, output peaks from July to October, before tapering off. Prices are heading for a 10 percent gain this month, the most since December 2010, on expectation that the monsoon season that usually begins in November would slow production. The 14-day relative strength index for futures was at 73.5, the highest since Aug. 28. Some traders see readings above 70 as a sign that a drop is imminent.
?The market does look a little bit overbought,? saidCarey Wong, an analyst at OCBC Investment Research Pte in Singapore. ?It could stay overbought for a while, before we have another spate of news which could justify taking profits.?
Isolated showers and thunderstorms are predicted over Sabah, Sarawak and Johor, the biggest palm oil producing states, according to a seven-day outlook on the Malaysian Meteorological Department?s website.
Refined palm oil for May delivery jumped 3.7 percent to 6,332 yuan ($1,039) a ton on the Dalian Commodity Exchange and soybean oil climbed 2.3 percent to 7,220 yuan.
Soybeans for delivery in January climbed 0.6 percent to $12.78 a bushel on the Chicago Board of Trade, while soybean oil for December gained 1.5 percent to 41.59 cents a pound.
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
IndoAgri now 89 , may go to 91 react down slightly then 94 soon before reacting down strong
for more details , see http://sgxswinger.blogspot.sg/
expected to consolidate for a while...but this news came....see how...
Don't forget the Elephant...Golden agri...starting to move liao....
Palm Oil Jumps to Seven-Month High as Inventory Concerns Ease
Palm oil gained for a fourth day to the highest level in seven months on speculation that output inMalaysia may increase at a slower pace, capping inventories in the world?s second-largest producer.
The contract for delivery in January advanced 1.1 percent to 2,482 ringgit ($784) a metric ton on the Bursa Malaysia Derivatives, the highest price at close for most-active futures since Mar. 22. Palm for physical delivery in November was at 2,440 ringgit today, data compiled by Bloomberg show.
?The growth in output has not been much and this will keep inventory levels in check,? said Isha Trivedi, an analyst at PhillipCapital India Pvt. in Mumbai. ?The ringgit pared its early gains supporting prices.?
Reserves dropped 32 percent to 1.78 million tons last month from a record 2.63 million tons in December, data from the Malaysian Palm Oil Board shows. Output in September gained 10 percent to 1.91 million tons. A new ruling that limits expansion by plantation companies will probably hamper Indonesian government?s target to produce 40 million tons by 2020, Joefly J. Bahroeny, chairman of the Indonesian Palm Oil Association, said today.
Soybeans for delivery in January gained 0.5 percent to $13.04 a bushel on the Chicago Board of Trade, the highest level in two weeks, while soybean oil for December increased 0.3 percent to 41.66 cents a pound.
Refined palm oil for May delivery climbed 1.2 percent to end at 6,178 yuan ($1,015) a ton on theDalian Commodity Exchange and soybean oil advanced 0.6 percent to close at 7,216 yuan.cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
alycone29 ( Date: 23-Oct-2013 08:53) Posted:
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myfcoach ( Date: 22-Oct-2013 17:16) Posted:
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xing78 ( Date: 22-Oct-2013 23:42) Posted:
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Lol
iluvboost ( Date: 15-Sep-2013 22:26) Posted:
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wow!!! Up 10% in 2 days.....
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
myfcoach ( Date: 21-Oct-2013 22:17) Posted:
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myfcoach ( Date: 21-Oct-2013 22:17) Posted:
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up 3 cents today! according to my chart, this could well be just the beginning of a commodities stocks rally.
BTW, the NAV is $1.2+ and before the latest round of daily share buy back, the last round last year is around 1.18-1.25...very potential if rally continues....cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
Henry$$$ ( Date: 20-Oct-2013 15:13) Posted:
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Re-post link: http://investforliving.wordpress.com/2013/01/30/indofood-agri-resources-adding-brazilian-sugar-asset/ (for recap)
Blanchard ( Date: 19-Oct-2013 23:27) Posted:
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Raw Sugar Surges to One-Year High as Fire Hits Brazil Port
http://www.bloomberg.com/news/2013-10-18/sugar-rallies-as-warehouses-at-brazilian-port-of-santos-on-fire.html
http://www.bbc.co.uk/news/world-latin-america-24588150
http://investforliving.wordpress.com/2013/01/30/indofood-agri-resources-adding-brazilian-sugar-asset/
myfcoach ( Date: 18-Oct-2013 22:11) Posted:
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wow! sugar futures jumped 5% on good China GDP.
The charts of three of them looks good!
cheers,
jason