Friday, May 6, 2011

Friday Trading Tip: Bears......Bears


Hi traders,

CPO ended lower on Thursday at 3229vl with high volume traded. Seems like bearish dominating the sentiment at last trading hour. Last minute crashed with no chance for bulls ....Likely bearish tone will significant if CPO level can sustain below 3250. Downside tone may develops if open <3235 and close <3230. CPO may upside bias if open > 3250 and close >3270. I'm expecting CPO may play 3180-3230 today. Pls take your position nicely...

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Happy trading & Wassalam...

Just my 2cents

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