20080924 fcpo futures has made the 'healthy' retracement to 2252 today, targets 2480.

20080919 1159. FCPO breakout on 1 mi chart. For the scalp play.

The US Dollar based CPO futures (FUPO) launched yesterday (5/9/2008) Hardly any trading..... The market has not embraced it yet. We need the dma API to open up, then players such as arbitrageurs will have the ability to link quotes from the MYR based FCPO for the continuous market. Other than that, many locals say the flaw is in the settlement system of taking the 5 days spot month price average. Bursa, rethink this? Maybe just list contracts up to 3 months out and settle off the last day of every month for the 3rd month using the average price of the FCPO 3rd month.... just my thoughts and ramblings.