Wednesday, August 11, 2010

Wednesday Trading Tips: I am in November Contract - Corrections in progress


Hi traders,

CPO ended lower today at 2652lvl after super bulls tone yesterday. CPO may enter into correction phase if open < 2660-2650 and close < 2650. But it may back to bullish tone if open > 2677-2698 and close > 2700. I'm expecting CPO may further downside if open below 2660 and may test 2620-2670. Take your position nicely....

Just my 2cents

Happy trading


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