Sunday, August 8, 2010

Monday Trading Tip: Temporary downside may develop

Assalamualaikum,

Hi traders,

CPO ended super higher on Friday at 2661lvl with 2695 highest level of the month. CPO may continue it uptrend if open > 2645-2660 and close > 2665. Otherwise it may temporary down trend if open < 2604-2620 and close < 2605. I'm expecting CPO may make it temporary downside bias next week. However major trend is still upside biased range bound towards 2700lvl. Please take your position nicely.....

Just my 2cents....

Wassalam....

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