Hi traders,
CPO ended lower on Tuesday at 3703lvl with high volume traded. Another bearish candle formed. Is it bears may take place? CPO seems to test 3700-3750 level. CPO may upside bias if open > 3735-3750 and close > 3750. It looks like CPO in bearish tone if below 3750. If open below <3720 the bearish tone may take place. Major trend is upside bias with pullback corrections. If CPO breakout 3800lvl, the trend may continue for strong bullish tone towards 4000. I'm expecting CPO may play 3680-3750 today. Pls take your position nicely...
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