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Wilmar Intl
Last:3.49
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Wilmar - Watch for a Strong Rally to Come!
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Lucky03
Elite |
25-Jan-2014 22:05
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While the technical chart is negative in the short term, the longer term is still ok with the 200d MA continues to flatten with some upwards biased. Do note that the macro picture may turn abruptly. Hopefully the monetary problem in emerging economies in Latin America will not turn too nasty other than offering the US market an excuse for a long overdue correction. If Wilmar stays above 3.15 over the next 1 week, it may find a floor.
Soybean Futures Advance on Argentina Supply Concerns By Jeff Wilson January 24, 2014 4:39 PM EST Soybean futures rose for the first time this week on speculation that Argentine farmers will keep supplies as a hedge against inflation, boosting demand for U.S. livestock feed and cooking oil. Corn climbed, while wheat fell. Axel Kicillof, Argentina?s economy minister, said today that growers have hoarded 11 million metric tons of soybeans, and a farm group said supplies from the harvest that begins in March will be withheld as protection following the peso?s slump against the dollar. The country is overhauling its currency market to stem a financial crisis. ?The Argentina economic situation could give another boost to sales of U.S. soybeans and soybean meal,? a high-protein animal-feed ingredient, said Don Roose, the president of U.S. Commodities Inc. in West Des Moines, Iowa, said in a telephone interview. ?Overseas buyers are going to remain nervous about the availability of Argentina soybeans.? Soybean futures for March delivery rose 0.6 percent to close at $12.8475 a bushel at 1:15 p.m. on the Chicago Board of Trade. The price dropped 3 percent in the previous three days. Earlier, the oilseed touched $12.635, the lowest for a most-active contract since Jan. 2. As of Jan. 16, government data showed that U.S. export sales since the marketing year began Sept. 1 rose 28 percent on increasing demand from China, the world?s top consumer. Argentina is the biggest shipper of livestock feed and cooking oil made from soybeans. Corn futures for March delivery rose 0.1 percent to $4.295 a bushel. The price climbed for the fourth straight day, the longest rally in a month. The grain advanced 1.3 percent this week on speculation that demand for animal feed will increase after cattle and milk futures rose to records and hogs climbed to a six-month high. Wheat futures for March delivery declined 0.8 percent to $5.6525 a bushel. This week, the price advanced 0.3 percent, snapping a seven-week slump, the longest since October 2008. A freeze in the U.S. Midwest and Great Plains probably will hurt some dormant winter crops, analysts including MDA Weather Services said. To contact the reporter on this story: Jeff Wilson in Chicago at [email protected] To contact the editor responsible for this story: Millie Munshi at [email protected] |
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Lucky03
Elite |
25-Jan-2014 21:57
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Draghi Says Europe?s Recovery Firming With No Deflation in Sight
By Jeff Black and Jana Randow January 24, 2014 7:01 European Central Bank President Mario Draghi European Central Bank President Mario Draghi said he sees signs of a ?dramatic? improvement in the health of the euro-area economy and that inflation will gradually return to target. ?What we have been seeing in the past three or four months is both the improvement in financial markets and that our accommodative monetary policy is finally being passed through to the real economy,? Draghi said yesterday at the World Economic Forum in Davos, Switzerland. ?The idea is that now we have low inflation, and it will move gradually back to the objective? of just under 2 percent. Even as Draghi portrays a euro-area rebound, banks from Barclays Plc (BARC) to Commerzbank AG are predicting that the Frankfurt-based ECB will have to cut its benchmark interest rate in the coming months as volatility in money markets threatens to derail the recovery. Draghi, who has promised to take action to safeguard price stability if needed, also said there?s no reason to believe that current subdued price increases will turn into deflation. ?One is tempted to infer that after financial crises you have a period of time with low core inflation,? he said. ?If you define deflation as a broad-based, self-feeding, persistent fall in prices, broad-based across sectors and countries -- we don?t see that.? Stress Tests Even so, the recovery is ?still weak, still fragile, still uneven,? Draghi said, adding that the risks to the outlook remain on the downside. The ECB forecasts that the euro-area economy will grow 1.1 percent this year after an estimated contraction of 0.4 percent in 2013. Inflation is forecast to be 1.1 percent this year and 1.3 percent in 2015. Draghi said that the ECB?s upcoming health check of European banks will help to make monetary policy more effective, as interest-rate signals will be better passed through to the real economy. Before taking over supervision of around 130 of the region?s biggest banks in November, the ECB is probing asset quality and subjecting lenders to tests of their ability to withstand financial turmoil. Draghi said in October that he wouldn?t hesitate to fail weak banks. ?The most important thing is transparency. The operation of shedding light on banks? balance sheets should help them raise capital,? he said yesterday. ?Of course banks that should go should go.? To contact the reporters on this story: Jeff Black in Frankfurt at [email protected] Jana Randow in Davos, Switzerland at [email protected] To contact the editor responsible for this story: Craig Stirling at [email protected] |
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MetalTrader
Master |
25-Jan-2014 20:40
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
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3rd Tornado will bring a major drop in wilmar price. Market haven't factor in the perfect storm yet :) | ||||
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gold123
Member |
25-Jan-2014 17:54
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next wk may see 3.10 then 3.00. think can wait to consider long at 3.00
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halleluyah
Supreme |
25-Jan-2014 17:29
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Am waiting at 3.0x range...whether is possible or not...no hurry. Am more comfortable in ah kong's ship.
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Lucky03
Elite |
25-Jan-2014 14:51
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Welcome on board :) I'm playing the theme of cyclical stocks such as Wilmar and NOL that will ride on global economic recovery and trade volume. All the best !
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junction
Master |
25-Jan-2014 13:08
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A good realistic strategy.  Some people swear by charts to enter and get out but realistically speaking do they do better than your strategy? I am also keeping an eye on Wilmar, maybe next week I join you.
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Lucky03
Elite |
25-Jan-2014 12:49
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Good luck !
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beginners
Veteran |
25-Jan-2014 11:21
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Thanks for sharing your opinion bro! I am waiting. Likely will hoot some around 3 to 3.05. If STI break below 3000 to 29Xx likely this baby will follow to shit down some more.
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Lucky03
Elite |
25-Jan-2014 10:14
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I picked up some at 3.17 yesterday. Everyone will definitely like to catch the rock bottom and sell at the peak but it is almost an impossible mission. If the value is good and the macro economic situation is in its favour in the near future, buying in progressively will work better. I'm not sure if 3.05 is the strong enough support or even 2.90 but it will be higher than 3.46 again.
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Lucky03
Elite |
25-Jan-2014 09:55
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I exited at 3.46 and find it good value to re-enter around 3.24 and definitely better value nearer 3. If there is any knee jerk reaction and if it is the 3rd Tornado that MT has been predicting since 19 Nov, then time is right.
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beginners
Veteran |
25-Jan-2014 09:14
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A lot expected it will move to 3.90 or even break 4.00 during the last rally. But it shit back. Kills many I think. If shit all the way to 3 will consider to shoot abit. | ||||
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Lucky03
Elite |
25-Jan-2014 09:09
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Let's MT 3rd Tornado comes now and be gone. | ||||
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Pinko0506
Member |
25-Jan-2014 06:52
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Lucky03
Elite |
25-Jan-2014 01:34
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It may trade in the range of 3.05 - 3.54.
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Lucky03
Elite |
25-Jan-2014 01:07
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TA then.
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Lucky03
Elite |
25-Jan-2014 00:59
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It bounced off from 3.16/17
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Lucky03
Elite |
25-Jan-2014 00:58
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2,584.01 MYR -8.00 MYR -0.31 % Trade Time 05:50 AM Trade Date 01/24/2014 Open 2,594.01 Previous Close 2,592.01 Daily Low 2,578.01 Daily High 2,594.01 52-week Low 2,214.00 52-week High 2,667.01 |
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MetalTrader
Master |
24-Jan-2014 23:58
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
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I had commented in my prediction, shall not repeat :)
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MetalTrader
Master |
24-Jan-2014 23:35
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
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1) Wilmar (Track Record) 19 Nov Afternoon- Market was at $3.63. I boldy predicted Wilmar              will fall below $3.63, from this speculative price, in which shareholders only bought at $3, and anything above $3.15 is a speculative amount.              Market closed at              $3.62. [I warned that market momentum moving well far $3, and into speculative price of $3.15. The market is bound to suffer a major drop in weeks to come despite naive people insisted on uptrend]                                                      20 Nov- Market fall to              $3.52.  (The first fall and significant losses of $0.11)                                                                                                  On 20 Nov closing:  I predicted that there will be              several downfalls beneath $3.52.              The downfall will continue with a bigger drop awaiting.                                                                                    21 Nov-  Market fall to              $3.48 22 Nov-  Market rises to              $3.55 23 & 24 Nov- I  foresee several  tornadoes  below the " current speculated price" , & dark clouds awaiting.                                 The downtrend is gathering significant speculated buyers, before it move downwards significantly. 25 Nov-              Market closed                $3.59              I saw              a very high risk  at current level.                                              26 Nov-              Market closed              $3.58   (a point lower) 27 Nov-              Market closed              $3.55 (3 point lower) 28 Nov-              Market closed              $3.58                                   Forecast 28 Nov: Very weak pressure to move up & a big downfall is awaiting.                                  Continued updating Prediction after taking a break... 3 Dec-                Market closed              $3.53. I forecasted a steep drop. 4 Dec-               Market closed              $3.50 5              Dec-               Market closed              $3.47 6              Dec-               Market closed              $3.48 Closed prediction on 8 Dec 24 Dec before market open-   Market was at $3.37.                          I predicted that a                  high uptrend remains unlikely, with only a bit uptrend while a downtrend remains likely.                        24 Dec closing-              Market closed at              $3.39 (a bit uptrend fulfilled) ,              with a downtrend remains awaiting 26 Dec closing-              Market closed at              $3.40 27 Dec Closing-            Market closed at              $3.40 (without any movement)                    30 Dec Closing-            Market closed at              $3.40 (without any movement)                    Closed prediction on 30 Dec 12 Jan-          Market closed at $3.35  (Market proved to be realized downtrend as predicted- Fulfilled) 12 Jan-          Market was at $3.35.                I predicted the downtrend will continue.                 Out of my prediction, only 1 out of 3 tornadoes surfaced. There are 2 more tornadoes under current price of $3.35.                 Current price of $3.35 remains at high risk, whereby slowing economy & low commodity prices will continue to impact Wilmar price.                             The 2nd fall will be Wilmar reaching $3.25 point & below 13 Jan-          Market          closed at          $3.31. 14 Jan-          Market          closed at          $3.25.              (2nd fall reaching $3.25 realized)                 After market closed-              I predicted the 2nd Tornado had not been completed (Current price is still within 2nd Tornado Phrase), &             further downside ahead.                                                         When 3rd Tornado surfaced, it will be unthinkable. 15 Jan-          Market          closed at          $3.27. 16 Jan-          Market          closed at          $3.25. Prediction Ended 17 Jan-          Market        closed at          $3.27 20 Jan b4 market open-   I predict that Wilmar Price remains at a risk,  downtrend will still continue. (low commodity prices will continue to impact Wilmar price) 20 Jan-           Market moved down to $3.25, &           closed at        $3.27. (I foresee that  Wilmar is at a surviving stage, before moving down to $3.21 in due time- which is the 2nd Tornado End, before the start of 3rd Tornado) 21 Jan-        Market        closed at          $3.24 22 Jan-        Market        closed at          $3.24 23 Jan-        Market        closed at          $3.21  (Prediction accurately realized) Since end of 2nd Tornado, the 3rd Tornado will begins.  Beginning of unthinkable downtrend! 24 Jan-        Market        closed at          $3.20 |
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