Wednesday, February 2, 2011

Wednesday Trading Tips: Bullish Tone Come Back, May Test 3900


Hi traders,

CPO ended higher on Monday at 3809lvl with low volume traded. Seems like bullish tone had developed. CPO may upside bias if open > 3800-3820 and close > 3850. It looks like CPO in bearish tone if below 3750. If open below <3780-3790 and close <3780  the bearish tone may take place. If CPO breakout 3850lvl, the trend may have chance for bullish tone towards 3900. I'm expecting CPO may play 3790-3850 today. Pls take your position nicely...
Happy trading & Wassalam...

Just my 2cents

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