Monday, January 24, 2011

Monday Trading Tip: Continue Bullish


Hi traders,

CPO ended higher on Friday at 3748lvl with high volume traded. Hoping of bulls to be continued. CPO seems to test   3720-3780 level. CPO may upside bias if open > 3745-3765 and close > 3760. It looks like CPO in bearish tone if below 3700. If open below <3730 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 3730-3800 tomorrow. Pls take your position nicely...
Happy trading & Wassalam...

Just my 2cents

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