Monday, August 15, 2011

Monday Trading Tip: Bullish Tone Continue Expected

السلام عليكم
 
Hi traders,

CPO ended higher on Friday at 3015lvl with low volume traded. Likely bears may tests 2850-2900 if CPO can sustain below 2950lvl. Otherwise it may continue for correction. Upside tone may develops if open >3020 and close >3050. CPO may downside bias if open <3005 and close <2990. I'm expecting CPO may play 3050-3000 today. Please take your position nicely...

MAJOR TREND: DOWNTREND
SENTIMENT: BEARS 
CORRECTION/RETRACEMENT: Yes
 
GOLDEN TIP:  
 
1. LONG at lower level

 
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"