2:36 pm - FKLI Dec 2006 - Modest uptrend until first week of Jan 2007

11:31 am - FCPO - 26 Dec 2006. Today based last year.

FCPO had a good run on 26 Dec 2006. It hit a new high on that day. This nice uptrend during the last 2 weeks of Dec 2006 is due to the flooding in the palm oil estate.

10:58 am - FCPO export Dec 1-25 down -0.8%

Despite negative news on FCPO, FCPO continue to power higher. Last high at 3068 and today's high at 3064.

9:53 am - Go Long if break above 3018 resistance for FCPO

If you have been reading my CI/CPO newsletter dated 24-28 Dec 2007, there is a recommendation to go long if break 3018 resistance.

The FCPO is in an uptrend on a daily basis (check out 240 mins chart posted earlier).

Trade FCPO with a wider stop at least 40-60 pts on a daily basis.

Here is a snapshot of my newsletter dated 24-28 Dec 2007

9:35 am - FCPO is trending nicely & closed 3030 last Monday.

Crude oil has risen and soy bean oil has broken to new all time high.

Look at the 240 mins chart of FCPO -March 08 contract.