Friday, July 16, 2010

Friday Trading Tip (October Contract): Bullish Sentiment May Continue

Hi traders,

CPO ended higher yesterday. Bullish tone too strong as the demand from Pakistan surged within this week. The bullish sentiment may continue today and downside correction may develop during trading session. CPO may bullish if open > 2395-2420 and close > 2425. But it may temporary bearish if open < 2365-2380 and close < 2350. I'm expecting temporary downside correction may develop today but the major trend still in bullish tone.

Just my 2cents.....

Happy trading......

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