Tuesday, February 8, 2011

Tuesday Trading Tip: May Pullback


Hi traders,

CPO ended lower on Monday at 3868lvl with high volume traded. Seems like bearish tone for pullback correction. CPO may upside bias if open > 3900-3915 and close > 3915. It looks like CPO in bearish tone if below 3850. If open <3865-3880 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 3835-3890 tomorrow. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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