Wednesday, December 15, 2010

Wednesday Trading Tips: Bearish Correction


Hi traders,
CPO ended lower on Tuesday at 3680lvl with low volume traded. Last minute bearish tone was significant during PM session. After breakout 2700lvl, selloff  took place. CPO seems to test back 3600-3650 level if open below 3680. CPO may downside bias if open < 3680-3670 and close < 3650. Major trend is upside bias with pullback corrections. If CPO breakout 3450lvl, the trend may confirm for bearish 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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