Monday, March 28, 2011

Monday Trading Tip: Bullish vs Bearish Expected, May pullback


Hi traders,

CPO ended lower on Friday at 3261lvl with high volume traded. Seems like 3250 support level tested. CPO still in bearish zone and may possible of pullback to come
... Likely bullish tone will exist if CPO level can sustain above 3300.
Downside tone may develops if open <3270-3260 and close <3250. CPO may upside bias if open > 3285-3300 and close >3300. I'm expecting CPO may play 3220-3320 today. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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