Sunday, February 20, 2011

Monday Trading Tip: Bulls or Bears, May Bears Tone Below 3700


Hi traders,

CPO ended lower on Friday at 3683vl with high volume traded. Last minute selling bargains sustained the bearish momentum. Seems like bears momentum very strong towards 3600. CPO may downside bias if open < 3700-3680 and close
&lt;3670. It looks like CPO in bearish tone if below 3650. Upside tone may develops if open >3735-3750 and close >3815. If CPO above 3760lvl. I'm expecting CPO may play 3700-3610 today, but careful on downside pullback. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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