Thursday, May 5, 2011

Thursday Trading Tip: Expected Bearish Tone if Fail to break 3270

Assalamualaikum...

Hi traders,

CPO ended higher on Wednesday at 3265vl with high volume traded. Seems like bullish dominating the sentiment at last trading hour despite thin trading range....Likely bearish tone will significant if CPO level can sustain below 3300. Downside tone may develops if open <3250 and close <3240. CPO may upside bias if open > 3260 and close >3280. I'm expecting CPO may play 3230-3280 today. Pls take your position nicely...

Happy trading & Wassalam...

Just my 2cents
"THE POWER OF SNIPER SAWIT"

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