One man likes to keep his cool, as well as his wits, about him. He only goes around catching a bird when it is tired or sleeping. He keeps it for a while, then when it's sufficiently refreshed, it leaps up & soars to sky again.
Another one gets uncontrollably excited out of his mind every time he sees a bird on the fly. He likes to chase it in frenzy & pounce on it big time. By the time he gets it, the bird is already tired & falls back to ground to rest & sleep.
Which man is the smarter one. Think, and you will understand.
CPO futures end higher on news of B20 biodiesel scheme TheEdge Fri, Dec 20, 2019 10:33pm - 52 minutes ago
KUALA LUMPUR (Dec 20): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher underpinned by expectations of stronger demand following news of the B20 biodiesel programme.
Primary Industries Minister Teresa Kok Suh today said the B20 biodiesel programme for the transport sector is expected to be launched in phases next year.
"She announced an allocation of RM35 million for the programme that would give a fillip to CPO prices, which are projected to reach RM3,000 per tonne,” Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa told Bernama.
Sathia said the gains in the local market were also tracking the firmer overnight performance on the Chicago Board of Trade (CBOT) soybean oil market following the US Environmental Protection Agency (EPA) confirming higher biodiesel quota for lifter palm.
US President Donald Trump has reportedly given his commitment that biofuel requirements would be expanded in 2020.
Meanwhile, palm oil trader David Ng said the uptrend in the local market was also supported by expectations of lower production following the seasonal monsoon period.
“We locate the next support at RM2,850 per tonne and resistance at RM2,950,” he said.
At the close, the CPO futures contract for January 2020 added RM44 to RM2,897 per tonne, February 2020 was RM46 higher at RM2,915 per tonne, while March 2020 increased RM38 to RM2,912 per tonne and April 2020 rose RM35 to RM2,892 per tonne.
Volume, however, declined to 37,426 lots from 49,986 lots yesterday and open interest decreased to 277,451 contacts from 286,974 contracts previously.
On the physical market, December South increased to RM2,950 per tonne from RM2,900 per tonne on Thursday.
My average about 19. Started buying many months ago. I did not expect it to rise past 30 so fast. So, I sold off at average about 24. Then had to scramble back in fast, because it was obviously still surging up. So, lost a few precious sen from the upride.
Lesson of story: It is important to keep believing. Because the CPO price uptrend still has a long way to go. And, so also, therefore, this TDM price uptrend.
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Posted by paperplane > 2019-12-19 13:53 | Report Abuse
wise or stupid? haha