Tuesday, December 1, 2009

CPO 2nd Dec 2009

As yesterday,
Long position @2172 took profit at 2218, profit 36 points

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

Outlook,
CPO seems bullish. however, must be able to hold above resistance levels at 2504 and 2521

Strategy,
long if break 2510, cut loss at previous 15 min bar low
long if break 2521, cut loss at previous hourly bar low

support seen at 2548. 78.6% fibonacci support levels

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