Thursday, July 29, 2010

Thursday Trading Tip: Bullish Trend on-track

Assalamualaikum....

Hi traders,

CPO ended higher yesterday at 2495, a 2nd day of uptrend candle. It looks like bullish trend back to online if CPO open > 2485-2500 and close > 2500. But will bearish if CPO open <  2480-2470 and close < 2470. The major CPO trend still in upside biased towards 2520. I'm expecting CPO to test 2480-2510 today.

Take your position nicely...

Happy Trading...

Wassalam....

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