Tuesday, January 4, 2011

Tuesday Trading Tip: Bullish Tone, May Have Pullback

Assalamualaikum...

Hi traders,

CPO ended higher on Thursday at 3852lvl with thin volume traded. CPO seems to test 3850-3900 level. CPO may upside bias if open > 3850-3875 and close > 3870. If open below <3820 the bearish tone may take place. Major trend is upside bias with pullback corrections. Please be cautious with doji star formation.....the sign of pullback. If CPO breakout 3900lvl, the trend may continue for strong bullish tone towards 4000. I'm expecting CPO may play 3800-3890 today. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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