Wednesday, May 11, 2011

Wednesday Trading Tips: Bullish Tone If Above 3270


Hi traders,

CPO ended higher on Tuesday at 3258lvl with high volume traded. Seems like bullish dominating the sentiment all the way. Likely bearish tone will significant if CPO level can sustain below 3200. Downside tone may develops if open <3250 and close <3230. CPO may upside bias if open > 3255 and close >3270. I'm expecting CPO may play 3240-3280 today. Please take your position nicely...

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Happy trading & Wassalam...

Just my 2cents

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