Assalamualaikum,
Hi traders,
CPO ended slightly higher at 2595lvl. Sharp decline of CPO within this week may continue if CPO open < 2580-2570 and close < 2570. But CPO may maintaining his bullish tone if open > 2590-2600 and close > 2600. I'm expecting CPO to range bounce tomorrow towards 2600lvl. However if CPO breaks 2560lvl tomorrow the bearish trend may continue. Take position nicely....
Just my 2cents...
Happy Trading...
Wassalam
Thursday, August 19, 2010
Wednesday, August 18, 2010
Thursday Trading Tip: Downside Correction
Assalamualaikum....
Hi traders,
CPO ended lower today at 2610 lvl with high volume traded. Strong bearish tone took place the whole day making the CPO to test 2590lvl. CPO may downside correction tomorrow if open < 2620-2590 and close < 2600. But it may upside if open > 2650-2660 and close > 2660. If CPO breaks 2595lvl, the downside biased may significant towards 2560lvl. However major trend is still upside biased with temporary correction. Please be careful with your position...
Just my 2cents
Happy trading
Wassalam...
Hi traders,
CPO ended lower today at 2610 lvl with high volume traded. Strong bearish tone took place the whole day making the CPO to test 2590lvl. CPO may downside correction tomorrow if open < 2620-2590 and close < 2600. But it may upside if open > 2650-2660 and close > 2660. If CPO breaks 2595lvl, the downside biased may significant towards 2560lvl. However major trend is still upside biased with temporary correction. Please be careful with your position...
Just my 2cents
Happy trading
Wassalam...
Tuesday, August 17, 2010
Tuesday Trading Tip: Bearish Engulfing Sign
Assalamualaikum,
Hi traders,
CPO ended lower on Monday at 2678 despite open higher at 2728. The bullish momentum exhausted when export data Aug 1-15 from SGS & ITS were fell 16% and 7.4% respectively. The downside tone had expected since technical fundamental on weekly chart shown the evening star pattern. Today CPO expecting to continue downside biased for correction since bearish engulfing pattern formed in daily chart. CPO may bearish if open < 2685-2673 and close < 2670. But CPO may bullish tone if open > 2705-2718 and close > 2720. I'm expecting CPO may test 2660-2700 today. Take your position nicely....
Just my 2cents....
Happy Trading....
Wassalam....
Hi traders,
CPO ended lower on Monday at 2678 despite open higher at 2728. The bullish momentum exhausted when export data Aug 1-15 from SGS & ITS were fell 16% and 7.4% respectively. The downside tone had expected since technical fundamental on weekly chart shown the evening star pattern. Today CPO expecting to continue downside biased for correction since bearish engulfing pattern formed in daily chart. CPO may bearish if open < 2685-2673 and close < 2670. But CPO may bullish tone if open > 2705-2718 and close > 2720. I'm expecting CPO may test 2660-2700 today. Take your position nicely....
Just my 2cents....
Happy Trading....
Wassalam....
Sunday, August 15, 2010
Monday Trading Tip: Bullish May Continue
Assalamualaikum...
Hi traders,
CPO ended higher on Friday at 2690lvl. It's try to test 2700lvl during the trading session. CPO may bullish tone if open > 2672-2697 and close > 2690. But may bearish if open < 2670-2660 and close < 2660. Meanwhile, if CPO breaks 2700lvl on Monday, it may rally for the week. However please be careful on downside correction since the weekly chart shown evening star pattern. Take your position nicely....
Just my 2cents...
Wassalam.....
Selamat Berpuasa....Ramadhan Al Mubarak
Hi traders,
CPO ended higher on Friday at 2690lvl. It's try to test 2700lvl during the trading session. CPO may bullish tone if open > 2672-2697 and close > 2690. But may bearish if open < 2670-2660 and close < 2660. Meanwhile, if CPO breaks 2700lvl on Monday, it may rally for the week. However please be careful on downside correction since the weekly chart shown evening star pattern. Take your position nicely....
Just my 2cents...
Wassalam.....
Selamat Berpuasa....Ramadhan Al Mubarak
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