Wednesday, January 19, 2011

Wednesday Trading Tips: Bulls Tone Expected


Hi traders,

CPO ended higher on Tuesday at 3670lvl with moderate volume.Tug of war, finally bulls win. 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  3650-36700 level. CPO may upside bias if open > 3670-3685 and close > 3680. 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 3800. I'm expecting CPO may play 3650-3700 today. Pls take your position nicely...
Happy trading & Wassalam...

Just my 2cents

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