Monday, May 9, 2011

Monday Trading Tip: Bullish vs Bearish Expected, May pullback


Hi traders,

CPO ended lower on Friday at 3195lvl with high volume traded. Seems like bearish dominating the sentiment all the way. Likely bearish tone will significant if CPO level can sustain below 3200. Downside tone may develops if open <3180 and close <3160. CPO may upside bias if open > 3190 and close >3200. I'm expecting CPO may play 3160-3230 today. Please take your position nicely...

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Happy trading & Wassalam...

Just my 2cents

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