Monday, January 3, 2011

Monday Trading Tip: Continue Bullish EXPECTED

Assalamualaikum...

Hi traders,
CPO ended higher on Thursday at 3788lvl with low volume traded. CPO seems to test 3750-3850 level. CPO may upside bias if open > 3775-3795 and close > 3790. If open below <3765 the bearish tone may take place. Major trend is upside bias with pullback corrections. Please be cautious with double top formation.....the sign of bearish. If CPO breakout 3800lvl, the trend may continue for strong bullish tone towards 3850. I'm expecting CPO may play 3790-3850 today. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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