Tuesday, September 14, 2010

Wednesday Trading Tips: Extra careful on Bearish Tone


Hi traders,

I just came back from Hari Raya holiday and don't have any position since Thursday last week. Today CPO ended lower at 2643lvl, making significant bearish tone developed. Expected CPO may downside bias if open < 2650 and close < 2620. It is supported by bearish engulfing candle on daily chart. However it may upside bias if open > 2660 and close > 2665. Overall trend is still in bullish tone with correction. But please be careful on continue bearish tone that might change the trend in short term trading. Take your position nicely.....

Just my 2cents

Happy trading


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