Tuesday, July 27, 2010

Wednesday Trading Tips: Correction...corrections

Hi traders,

Assalamualaikum...

CPO ended higher today at 2485 after moving into -ve territory. Last call for CPO pushing it up again. It's looks like CPO may test 2460-2500 tomorrow if open > 2460-2485 and close > 2490. Otherwise it will downside biased for further correction if open < 2440-2420 and close < 2440. Major trend is still upside biased towards 2500. CPO started more volatile within this week as the weather pattern uncertain. Watch out your position....

Take your position nicely....

Just my 2cents.....

Wassalam....

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