Friday Trading Tip: A wonderful day has come

Hi traders,

CPO ended higher yesterday with significant volume at 2519 lvl. It shown that CPO may continue it bullish tone onwards. If CPO open > 2485 - 2520 and close > 2500, the bullish tone may still exist. Otherwise it may bearish tone for correction if open > 2485. Major trend still in upside biased. I'm expecting CPO may test 2520-2560 today.

Take your position nicely....

Happy trading...

Thursday Trading Tip: Bulls vs Bears

Hi traders,

CPO ended higher yesterday at 2457 with high volume traded. It looks like CPO may test 2450-2480 today if open > 2454-2465 and close > 2460 and bullish tone may develop. But CPO may downside if open < 2445-2435 and close < 2435. However major trend still in upside biased. During trading hour, CPO may up & down to make it correction towards bullish tone. Please take your position nicely......

Happy Trading.....

Just my 2cents...

Thanks

 

Wednesday Trading Tips: Beware of downside correction

Hi traders,

CPO ended lower yesterday at 2424 lvl, the lowest after 1 week trading. Expected to continue today after firm  down of 1-20 export data released by SGS & Intertek. If CPO open > 2445-2455 and close > 2455 the bullish tone still exist. But if open < 2432-2420 and close < 2420 the CPO may tend to downside bias. I'm expecting the CPO to test 2420-2450 lvl. However spillover from overnight C.O & S.O may limit the downside.

Just my 2cents...

Happy trading....