Friday, February 11, 2011

Friday Trading Tip: Bulls vs Bears


Hi traders,

CPO ended lower on Thursday at 3926vl with high volume traded. Seems like bullish momentum still strong towards 4000. CPO may upside bias if open > 3955-3970 and close > 3970. It looks like CPO in bearish tone if below 3900. If open <3935-3920 and close <3920  the bearish tone may take place. If CPO above 3950lvl, the trend may have chance for bullish tone towards 4000. I'm expecting CPO may play 3900-3980 today. Pls take your position nicely...
Happy trading & Wassalam...

Just my 2cents

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