Thursday, December 30, 2010

Thursday Trading Tip: Bearish Trend Expected

Assalamualaikum...

Hi traders,
CPO ended lower on Wednesday at 3733lvl with low volume traded. CPO seems to test 3700-3750 level. CPO may upside bias if open > 3750-3760 and close > 3760. If open below <3720 the bearish tone may take place. Major trend is upside bias with pullback corrections. If CPO breakout 3700lvl, the trend may continue for strong bearish tone towards 3650. I'm expecting CPO may play 3690-3750 today. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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