Wednesday Trading Tips: Bears. But rebound may dominan

السلام عليكم

Hi traders,

CPO ended lower on Tuesday at 2920vl with high volume traded. Likely bears may tests 2850-2900 if CPO can sustain below 2950lvl. Upside tone may develops if open >3930 and close >2950. CPO may downside bias if open <2920 and close <2900. I'm expecting CPO may play 2910-2960 today. Please take your position nicely...

MAJOR TREND: DOWNTREND

SENTIMENT: BEARS 

CORRECTION/RETRACEMENT: Yes

 

GOLDEN TIP:  

 

1. If CPO open gap down - LONG at 2900 area 

2. If CPO open gap up - LONG at 2920 area

 

Note: Don't believe me, please believe your self. This setup was from my perspective only. 

If  you need updated CPO Fundamental Data please log on to  http://fcpomillionaire.blogspot.com/

Happy trading & Wassalam...

Just my 2cents

"THE POWER OF SNIPER SAWIT"