Tuesday, June 30, 2009

CPO 1st July 2009

As yesterday.
CPO, sell position still holding. stop order was not triggered.
CPO, another sell position triggered.
stop change to 2275. ( hourly bar chart closing )

Result: Position increase, correct, Make Money

For CPO,
Resistance seen at 2275 and 2250. if break 2250, all short position cleared.
Expect CPO would traded wide range.

If CPO price gap up above 2250, expect some major rebound. next resistance 2275 and 2318
If CPO gap down lower than 2209, expect CPO would plunge where 2209 become resistance, + - 10 point.

3 comments:

  1. CPO, open on 2250. expect CPO would continue trade lower.

    support at 2230 and 2215, break support, cut loss if 15min bar closed above 2250 + 10 point ( not high )

    ReplyDelete
  2. CPO today miss out few point from my expectation....

    scare would be a crazy trading days.

    ReplyDelete
  3. CPO, break 2250, means major rebound comes in.
    next resistance 2275

    ReplyDelete