Thursday, December 23, 2010

Thursday Trading Tip: Welcome 3600....Bullish Trend Expected

Hi traders,
CPO ended higher on Wednesday at 3620lvl with moderate volume traded. Last minute bullish tone was significant during PM session. CPO seems to test back 3600-3700 level if open above 3620. CPO may upside bias if open > 3610-3640 and close > 3650. If open below <3600 the bearish tone may take place. Major trend is upside bias with pullback corrections. If CPO breakout 3700lvl, the trend may continue for strong bullish tone. I'm expecting CPO may play 3650-3700 today. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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