POINTERS 2014 MPOC
Palm Oil Internet Seminar
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2016 Market Direction - Twists and Turns of Palm Oil Prices:
Technical Analysis and Palm Oil Price Outlook for First Half 2016
By: Mr. Benny Lee

Mr. Benny Lee is a private trader, trainer, speaker and practitioner of technical analysis for 10 years. He has conducted trading and technical analysis workshops for private and institutional investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam and Pakistan. Some of his courses such as CPE (Continuing Professional Education by the Securities Commission) have been approved in Malaysia. He has also spoken in many international conferences such as GlobOil, India, Gold and Options conferences in Thailand (AFET), the Asean Rubber Conference, Palm Oil Conference in Jakarta, POTS by MPOC (Malaysian Palm Oil Council) and many others. He has also presented in Exchange-organised events in Malaysia, Singapore, Vietnam and Pakistan. He has presented to a wide range of participants from a group of 10 people to a large audience of 500 people. Mr. Lee writes articles on technical analysis for Smart Investor (Monthly financial magazine in Malaysia), Busy weekly (Weekly financial newspaper), Pulses (Monthly financial magazine by the SGX) and Palm Oil Fortune (Monthly Palm Oil publication). He also appeared on Channel News Asia (Singapore) and BFM89.9 (Malaysia) for his views and commentaries on the financial markets. He graduated in Business Administration and obtained the world’s best paper in Financial Management from the Association of Business Executives, U.K.
VIEW PROFILE
The warm and dry weather conditions caused by El-Nino helped palm oil prices to turn bullish in the last lap of 2015. Weak Ringgit also helped the bullish trend.

Yearly average price has been falling for four years but we are seeing a reversal in the yearly moving average at the end of 2015. Could the reversal turn into a bullish trend for 2016? Please read my presentation on technical analysis and forecast for crude palm oil price for the first half of 2016 to find out.


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Questions & Answers (4) :
Benny Lee Wan Yu
8 years ago
Hi Kazmi, the correction is based on a higher production cycle that normally starts in the second right up to the third quarter. So price has to be correction and that figure is based on the support level on the chart.
Kazmi:
Thanks Benny
8 years ago
Kazmi
8 years ago
Hi Benny! Thank you for presentation. In paper by technical analysis you indicated that price trend upwards towards RM2,800 and RM2,900 by April and will move correction around RM2,450 by July/Aug. Can help to give some indications on the underlying fundamental factors why prices move to this correction level.? Regards, thanks
Benny Lee Wan Yu
8 years ago
Hi Rohit, good to see you here again and thanks for the question. The slides are in PDF and there is no password protection. Already tested. I don\'t think RM2,650 is the top yet. I am looking at RM2,700 to RM2,800 in the next two months (3rd month contract). Near bottom (Support) is at RM2,450 to RM2,500. We are seeing a correction now after price hitting near 2 year highs but as long as it stays above RM2,500, the trend is still bullish.
Rohit
8 years ago
Hi Benny! Nice to see you again . Your presentation slide are password protected and I am unable to open them as I don\'t know what password to give. What is your view for near term and long term on palm oil. Was 2650 highest or new highs can be seen and when can they be seen ? What will be the near term bottom ?
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