Thursday, March 17, 2011

Thursday Trading Tip: Bullish vs Bearish


Hi traders,

CPO ended lower on Wednesday at 3347lvl with significant volume traded. CPO still in bearish momentum and may possible of sideway due to uncertain external factor
... Seems like bearish will continue if CPO level maintain below 3350. But if may bullish if maintain the level above 3350. CPO may downside bias if open < 3300 and close >3280. Upside tone may develops if open >3330 and close >3350. I'm expecting CPO may play 3300-3380 today. Pls take your position nicely...
Happy trading & Wassalam...

Just my 2cents

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