Monday, July 26, 2010

Monday Trading Tip: Bullish with correction

Hi traders,

CPO ended lower on Friday at 2498 lvl for corrections towards upside biased. CPO may bullish today if open > 2505-2520 and close > 2520. But may bearish today if open < 2497-2490 and close < 2490. However the price either bullish or bearish subject to SGS & Intertek July 1-25 export data release by today. I'm expecting CPO may test 2500-2540 today. The major trend is still in bullish tone......

Take your position nicely....

Just my 2cents...

 

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