Thursday, January 27, 2011

Thursday Trading Tip: Bullish vs Bearish


Hi traders,

CPO ended lower on Wednesday at 3670lvl with high volume traded. Seems like bearish to be continued with pullback. CPO may test 3620-3780 level. CPO may upside bias if open > 3670-3700 and close > 3680. It looks like CPO in bearish tone if below 3700. If open below <3620-3650 and close <3650  the bearish tone may take place. If CPO breakout 3650lvl, the trend may have chance for bearish tone again towards 3600. I'm expecting CPO may play 3620-3700 today. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

No comments:

Post a Comment