Sunday, February 6, 2011

Monday Trading Tip: Bullish Tone Continue Expected, May Test 4000


Hi traders,

CPO ended higher on Wednesday at 3895lvl with high volume traded. Seems like bullish tone may continue with pullback correction. CPO may upside bias if open > 3885-3895 and close > 3900. It looks like CPO in bearish tone if below 3850. If open below <3865-3850 and close <3850  the bearish tone may take place. If CPO breakout 3900lvl, the trend may have chance for bullish tone towards 4000. I'm expecting CPO may play 3890-3950 tomorrow. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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