Sunday, August 1, 2010

Monday Trading Tip: Sideway

Assalamualaikum....

Hi traders,

CPO ended slightly higher on Friday at 2517, making it another sideways to range bound upside biased. CPO may strongly further upside if can break 2535 level- the further rally may develop. CPO may upside biased on Monday if open > 2530-2540 and close > 2540. But may downside biased for correction if open < 2520-2510 and close < 2505. Overall trend is still in upside biased with sideways. Take your position nicely...

Just my 2cents...

Happy Trading...

Wassalam....



 

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