Thursday, May 12, 2011

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


Hi traders,

CPO ended higher on Wednesday at 3269lvl with high volume traded. Seems like bulls and bears fighting all the way. Likely bearish tone will significant if CPO level can sustain below 3200. Downside tone may develops if open <3260 and close <3250. CPO may upside bias if open > 3280 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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