Thursday, August 19, 2010

Friday Trading Tip: New Bearish Trend May Develop


Hi traders,

CPO ended slightly higher at 2595lvl. Sharp decline of CPO within this week may continue if CPO open < 2580-2570 and close < 2570. But CPO may maintaining his bullish tone if open > 2590-2600 and close > 2600. I'm expecting CPO to range bounce tomorrow towards 2600lvl. However if CPO breaks 2560lvl tomorrow the bearish trend may continue. Take position nicely....

Just my 2cents...

Happy Trading...


1 comment:

  1. As salam,

    Saya setuju dgn tuan.. klu open atas 2590.. ada chance.. mudah2an.. amin2