Friday, February 18, 2011

Friday Trading Tip: May Rebound, Bullish Tone Expected


Hi traders,

CPO ended lower on Thursday at 3725vl with high volume traded. Last minute bargains sustained the bullish momentum. Seems like bulls momentum very strong towards 3800. CPO may upside bias if open > 3760-3770 and close >3790. It looks like CPO in bullish tone if above 3820. Downside tone may develops if open <3735-3725 and close <3715. If CPO above 3750lvl, the trend may have chance for bullish tone towards 3800. I'm expecting CPO may play 3730-3800 today, but careful on downside pullback. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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