Hi traders,
CPO ended lower on Tuesday at 3650lvl with high volume traded. Another bearish candle formed. Is it bears will continue? CPO seems to test 3650-3700 level. CPO may upside bias if open > 3665-3700 and close > 3700. It looks like CPO in bearish tone if below 3650. If open below <3650 and close <3620 the bearish tone may take place. Major trend is upside bias with pullback corrections. If CPO breakout 3700lvl, the trend may continue for strong bullish tone towards 4000. I'm expecting CPO may play 3620-3700 today. Pls take your position nicely...
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