Tuesday, March 29, 2011

Tuesday Trading Tip: Bearish Tone Expected

Assalamualaikum...

Hi traders,

CPO ended higher on Monday at 3282lvl with low volume traded. Seems like 3250 support level tested again as well as 3300 resistant lvl . CPO still in bearish zone...
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
"THE POWER OF SNIPER SAWIT"

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