Hi traders,
CPO ended lower on Monday at 3650lvl with moderate volume.Tug of war. Morning doji star candle formed. Hoping of bulls to come. Is it bears will continue or bulls will start to kick-off? Let we see..... CPO seems to test back 3600-3650 level. CPO may upside bias if open > 3650-3670 and close > 3650. It looks like CPO in bearish tone if below 3620. If open below <3640 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 36020-3680 today. Pls take your position nicely...
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