Tuesday, August 3, 2010

Wednesday Trading Tips: Sideway upside biased


Hi traders,

CPO ended lower today at 2562 lvl with higher volume traded. Its may continue sideway downside biased if open < 2555-2538 and close < 2538. But may upside biased if open > 2565-2575 and close > 2575. I'm expecting CPO may test 2570-2600 tomorrow if overnight S.O & B.O shows positive tone. If CPO breaks 2583 lvl tomorrow, a rally may develop towards 2600. Watchout your poition......Happy Trading

Just my 2cents


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