Assalamualaikum....
Hi traders,
CPO ended higher today with low volume traded at 2590. The fighting between bulls and bears finally formed a Doji pattern. The sign of warning to traders either a strong downside biased may develop. If CPO open > 2592-2600 and close above 2600, the upside biased may significant. But if open < 2590-2580 and close < 2580, the downside biased may develop for correction. Maybe can go up to 2500 lvl again. However major trend is still upside biased range bound towards 2600-2700. Take your position nicely....
Just my 2cents.....
Wassalam....
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