Tuesday, July 13, 2010

Tuesday Trading Tip: +ve Direction of CPO

Hi traders,

CPO ended high yesterday at 2338 lvl due to positive export data and lack of CPO inventories data reported by MPOB. The bullish sentiment too strong pushing the price highest up to 2341 lvl. The bullish trend will continue today if open > 2325-2340 and close >2345. But the CPO will downtrend if CPO open < 2300-2315 and close < 2300. I'm expecting CPO will temporary downtrend today, then climbing back immediately to test 2340-2350 lvl.

Take your position nicely.....

Just my 2cents....


No comments:

Post a Comment