Thursday, February 17, 2011

Thursday Trading Tip: Expected Bearish if Below 3750


Hi traders,

CPO ended lower on Wednesday at 3745vl with high volume traded. Seems like bearish momentum very strong towards 3700. CPO may downside bias if open < 3765-3745 and close < 3730. It looks like CPO in bullish tone if above 3820. If open >3795-3815 and close >3820  the bullish tone may take place. If CPO above 3850lvl, the trend may have chance for bullish tone towards 3900. I'm expecting CPO may play 3700-3780 today, but becareful on pullback correction. Pls take your position nicely...
Happy trading & Wassalam...

Just my 2cents

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