Hi traders,
CPO ended lower yesterday at 2424 lvl, the lowest after 1 week trading. Expected to continue today after firm down of 1-20 export data released by SGS & Intertek. If CPO open > 2445-2455 and close > 2455 the bullish tone still exist. But if open < 2432-2420 and close < 2420 the CPO may tend to downside bias. I'm expecting the CPO to test 2420-2450 lvl. However spillover from overnight C.O & S.O may limit the downside.
Just my 2cents...
Happy trading....
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