Wednesday, March 30, 2011

Wednesday Trading Tips: Bearish May Continue. But may have pullback


Hi traders,

CPO ended lower on Tuesday at 3252lvl with high volume traded. Seems like 3250 support level tested again with formation of Doji Star. Chances of pullback may exist. CPO still in bearish zone...Likely bullish tone will exist if CPO level can sustain above 3300. Downside tone may develops if open <3235-3220 and close <3230. CPO may upside bias if open > 3270-3290 and close >3300. I'm expecting CPO may play 3200-3280 today. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents

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