Friday, May 20, 2011

Friday Trading Tip: Bullish Tone Expected, May have correction


Hi traders,

CPO ended higher on Thursday at 3360lvl with high volume traded. Seems like bulls came back Likely bullish tone will significant if CPO level can sustain above 3300, then 3370. Upside tone may develops if open >3355 and close >3370. CPO may downside bias if open <3345 and close <3330. I'm expecting CPO may play 3340-3400 today. Please take your position nicely...

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Happy trading & Wassalam...

Just my 2cents

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