Thursday, January 20, 2011

Friday Trading Tip: Bullish Tone Expected


Hi traders,

CPO ended higher on Wednesday at 3732lvl with high volume traded. Hoping of bulls to come again. CPO seems to test   3700-3760 level. CPO may upside bias if open > 3720-3735 and close > 3750. It looks like CPO in bearish tone if below 3700. If open below <3720 and close <3700  the bearish tone may take place. Major trend is upside bias with pullback corrections. If CPO breakout 3750lvl, the trend may continue for strong bullish tone towards 3800. I'm expecting CPO may play 3700-3760 tomorrow. Pls take your position nicely...
Happy trading & Wassalam...

Just my 2cents

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