Monday, July 18, 2011

Monday Trading Tip: Bearish Expected, If Open Gap Down

السلام عليكم

Hi traders,

CPO ended lower on Friday at 3116lvl with high volume traded. Likely bears may tests 3000 if CPO can sustain below 3100lvl. Upside tone may develops if open >3132 and close >3145. CPO may downside bias if open <3120 and close <3110. I'm expecting CPO may play 3090-3140 today. Please take your position nicely...

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Happy trading & Wassalam...

Just my 2cents

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