Monday, May 16, 2011

Monday Trading Tip: Bulls or Bears, May Bears Tone Below 3270


Hi traders,

CPO ended higher on Friday at 3274lvl with high volume traded. Seems like bulls try to come back Likely bearish tone will significant if CPO level can sustain below 3200. Downside tone may develops if open <3250 and close <3250. CPO may upside bias if open > 3270 and close >3290. I'm expecting CPO may play 3240-3290 today. Please take your position nicely...

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Happy trading & Wassalam...

Just my 2cents

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