Sunday, July 11, 2010

Monday Trading Tip: Bull vs Bear

Hi traders,

CPO ended high last Friday at 2300 lvl. CPO export data from both ITS and SGS above expectations and C.O & B.O traded higher during Asian trading hour. Soybean stock ended low reported by USDA and might give +ve direction to CPO.  I'm expecting CPO may bullish Monday if open > 2300-2310 and close >2320. If CPO breaks 2323-2325 tomorrow, it may rally uptrend for the whole day. But it may downside if open <2293-2297 and close < 2290.  

Take your position nicely......

Just my 2cents.....

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