Monday, July 19, 2010

Tuesday Trading Tip: CPO May Tests 2440-2460

Hi Traders,

CPO ended higher today with moderate volume traded. Expected CPO may bullish tomorrow if open > 2445-2455 and close > 2460. But it may bearish if open < 2330-2440 and close < 2430. Down export data 1-20 release by SGS & Intertek tomorrow may limit the upside bias. I'm expecting CPO may test 2440-2460 lvl tomorrow, but if can break 2465 the bullish rally may exist. Overall trend still in upside bias.....

I would like to share my breakout point chart that i have took long position....Hope this is another my excellent achievement if CPO brakes 2480.....

Thanks

Happy trading.....

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