Tuesday, January 25, 2011

Tuesday Trading Tip: Bearish Tone Expected


Hi traders,

CPO ended unchanged on Monday at 3748lvl with high volume traded. Seems like bearish to be continued. CPO may test   3720-3750 level. CPO may upside bias if open > 3760-3788 and close > 3760. It looks like CPO in bearish tone if below 3700. If open below <3730-3750 and close <3730  the bearish tone may take place. Major trend is upside bias with pullback corrections. If CPO breakout 3750lvl, the trend may have chance for bullish tone towards 3800. I'm expecting CPO may play 3700-3760 today. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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