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
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.