Monday Trading Tip: Temporary downside may develop

Hi traders,

CPO ended higher Friday at 2449 lvl with high volume traded. Based on my experienced, CPO was in transition zone as to make new bullish trend. If it can pass the 2460 lvl and play around with this figure this week, chances to bullish is high. Today CPO may develop temporary downside for correction and will up again, but upside is limited. If CPO open > 2440-2450 and close > 2460 the bullish tone is high. But it may downside if open < 2430-2420 and close < 2420.   

Just my 2cents....

Happy trading.....

Thanks & regards