Thursday, November 18, 2010

Thursday Trading Tip: Bye...bye 3300

Assalamualaikum,

Hi traders,

CPO ended lower on Tuesday at 3265lvl with high volume traded. CPO may further downside bias for correction if open < 3260-3288 and close < 3260. Major trend is upside bias with bearish correction. Pls take your position nicely...

Happy trading & wassalam...

Just my 2cents....

Tuesday, November 16, 2010

Tuesday Trading Tip: Hoping of Bullish

FEB CONTRACT 2011

Assalamualaikum,

Hi traders,

CPO ended high on Monday at 3375lvl with low volume. Very volatile trading hour finally pushed the CPO into positive territory and bullish tone developed after breaks above 3350lvl.  I'm expecting CPO may bullish again if open > 3365-3380 and close 3390. Otherwise it may back to bearish tone for correction. Overall trend still in upside bias towards 3400lvl. Take your position nicely....

Happy trading & wassalam...

Just my 2cents..