Thursday, September 23, 2010

Friday Trading Tip: Sideway


Hi traders,

CPO ended lower today at 2671lvl with higher at 2699lvl seems like very shy to test 2700lvl. After making 3rd consecutive day with red candles, CPO expected to sideway range bound tomorrow. The bearish tone may develops tomorrow if open < 2677-2665 and close < 2665. However CPO may bullish tone if open > 2690-2695 and close > 2695. Overall trend is still upside bias towards 2700lvl. Please pay extra careful if CPO touch down 2650lvl tomorrow the short term bearish trend may develop. Take your position  nicely....

Just my 2cents...

Happy trading


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