Wednesday, August 11, 2010

Thursday Trading Tip: Downside Correction


Hi traders,

CPO ended lower today at 2656lvl after super bulls tone. CPO may enter into correction phase if open < 2660-2650 and close < 2645. But it may back to bullish tone if open > 2670-2680 and close > 2700. I'm expecting CPO may further downside if open below 2660 and may test 2620-2670 again. Take your position nicely....

Just my 2cents

Happy trading


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