Tuesday, February 22, 2011

Tuesday Trading Tip: Bulls May Come Back


Hi traders,

CPO ended lower on Monday at 3656vl with low volume traded. Cautious of bulls when level above 3650...... Seems like bears momentum weaker towards 3600 due to external factor. CPO may downside bias if open < 3640 and close <3620. It looks like CPO still in bearish tone if below 3650. Upside tone may develops if open >3650 and close >3680. If CPO above 3700lvl the bullish tone may significant . I'm expecting CPO may play 3720-3640 today, but careful on downside pullback. Pls take your position nicely...

Happy trading & Wassalam...
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Just my 2cents

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