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Old 17th September 2008, 12:48   #1
HairyArsedBloke
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Default AtW - I need your expert financial advice....

Palm Oil – Should I take a long or short position in this commodity?

I have been told to consider the US Dollar denominated contract on the Malaysian Stock and Commodities exchange. The symbol is FUPO. However, for some reason it doesn’t trade much.

Any thoughts on FUPO?
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Old 17th September 2008, 12:49   #2
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Palm Oil – Should I take a long or short position in this commodity?

I have been told to consider the US Dollar denominated contract on the Malaysian Stock and Commodities exchange. The symbol is FUPO. However, for some reason it doesn’t trade much.

Any thoughts on FUPO?

Yawn!!
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Old 17th September 2008, 13:03   #3
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Yawn!!
You should get some sleep love.
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Old 17th September 2008, 13:06   #4
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Originally Posted by HairyArsedBloke View Post
Palm Oil – Should I take a long or short position in this commodity?

I have been told to consider the US Dollar denominated contract on the Malaysian Stock and Commodities exchange. The symbol is FUPO. However, for some reason it doesn’t trade much.

Any thoughts on FUPO?
contract size = 25 metric tons

I wonder how much that is in volume?
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Old 17th September 2008, 13:11   #5
AtW
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You should get some sleep love.
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Old 17th September 2008, 13:15   #6
dude69
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contract size = 25 metric tons

I wonder how much that is in volume?
sounds like 25,000 litres to me.

I guess about £10k?
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Old 17th September 2008, 13:19   #7
SantaClaus
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Originally Posted by BrilloPad View Post
contract size = 25 metric tons

I wonder how much that is in volume?
Will he be taking delivery?
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Old 17th September 2008, 13:23   #8
TimberWolf
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contract size = 25 metric tons

I wonder how much that is in volume?
I tonne of water is approx. 1 metre cubed, and oil is just a little less dense than water so would occupy a little bit more then cubeRoot(25) ~ a cube 3 meters wide.
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Old 17th September 2008, 13:30   #9
SantaClaus
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Originally Posted by HairyArsedBloke View Post
Palm Oil – Should I take a long or short position in this commodity?

I have been told to consider the US Dollar denominated contract on the Malaysian Stock and Commodities exchange. The symbol is FUPO. However, for some reason it doesn’t trade much.

Any thoughts on FUPO?
Gold is what you want to buy. Its in an ascending triangle on the 1hr chart. Could very well break to the upside.
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Old 17th September 2008, 13:55   #10
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Gold is what you want to buy. Its in an ascending triangle on the 1hr chart. Could very well break to the upside.
Looks like you all missed that opportunity. since I last posted, Gold has spiked from 786.70 to 803.00
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