Thursday, January 6, 2011

Thursday Trading Tip: Expected Bullish Come Back, Rebound

Assalamualaikum...

Hi traders,


CPO ended lower on Wednesday at 3808lvl with high volume traded. CPO seems to test back 3850-3900 level. CPO may upside bias if open > 3800-3820 and close > 3850. To sustain it momentum CPO must above 3850. If open below <3790 the bearish tone may take place. Major trend is upside bias with pullback corrections. Please be cautious of rebound today. If CPO breakout 3900lvl, the trend may continue for strong bullish tone towards 4000. I'm expecting CPO may play 3800-3860 today. Pls take your position nicely...
Happy trading & Wassalam...

Just my 2cents

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