Thursday, May 26, 2011

Thursday Trading Tip: Expected Bullish Tone Continue, May have correction if open gap up


Hi traders,

CPO ended higher on Wednesday at 3416lvl with high volume traded. Seems like pullback correction failed, but may coming soon. Likely bullish tone will significant if CPO level can sustain above 3400, then 3450. Upside tone may develops if open >3405 and close >3420. CPO may downside bias if open <3390 and close <3370. I'm expecting CPO may play 3390-3440 today. Please take your position nicely...

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Happy trading & Wassalam...

Just my 2cents

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