Anwar Ibrahim to contest Parliamentary Seats ?

I believe some of you all out there never look at the chart of our Malaysia Crude Palm Oil (CPO) prices. Recently our Crude Palm Oil prices has drop quite heavily from about RM 3,500 to RM 2,900 per tonne in just two weeks of trading session.

Why the Crude Palm Oil prices drop so much ? If you would like to ask me, I would like to say that the Crude Oil prices play an important role. Its just like they are connected to each other. A look at the chart suggest that the Crude Palm Oil prices might fall even further.

At the moment the support level stays at RM 3,033.00 per tonne (01.04.2008). If this level been broken in this few days , there will be an impact on KL Composite Index. The current closing prices for Crude Oil Prices for October delivery today stand at RM 3,050.00 per tonne a gain of RM +58.00 per tonne.

Today the KL Composite Index added their gain +3.15 points to close at 1,163.09 points. A good closing for the market but what we need to pay attention is how well the market can adsorb the heavy deliveries.

Today will be T+3 for nearly 800 millions shares change hand on last Monday turnover and Friday would be T+4 (force selling). If the market can overcome this heavy delivery, it will be gaining strength next week. But remember..........and beware..........

Latest Buletin - Datuk Seri Anwar Ibrahim announces that he will contest a by-election for the Permatang Pauh parliamentary seat which will be vacated by his wife and PKR leader Dr Wan Azizah Wan Ismail.

Is this a good news or a bad news to the market ? Here is another Latest Buletin - Police investigations into the sodomy complaint against Anwar Ibrahim have been completed and the papers are now with the Attorney-General's Chambers for further action.

Wahhhhh, there is something for us to look into this matter and to consider whether this will affect the equities market because another news coming out Latest Buletin - Opposition leader Datuk Seri Anwar Ibrahim may be arrested in the next 48 hours and charge him by Monday, a senior party official said today, arguing it was to stop him contesting a by-election.

Wah lau ehhhhhhh. I think I need to go back whether to take a normal Panadol or Panadol Act Fast. Our political situation in Malaysia is getting more and more interesting than ever.