Thursday, July 16, 2009

CPO 17th July 2009

As yesterday,
No position.

Results:
0 safe, 0 con, 1 loss, 3 win.

For CPO,
As expect. Market drop. but i didn't enter position as i choose to stay out from CPO market.

However, tomorrow is very crucial for CPO

If CPO >2020 - 10 points, CPO would rebound. long. cut loss on hourly bar low - 10 points or 2020 - 10 point, which ever is lower. profit target at 2140.

If CPO <2000 - 10 points, CPO confirm bear continue. target price at 1930 still stands.

However, if break 2000, then resistance at 2070 is confirmed.

All the best in trading!!!!!!!!

12 comments:

  1. CPO open higher.
    support 2020, cut loss at 2010

    long CPO,profit target at 2140

    ReplyDelete
  2. resistance at 2070. have to be careful there.

    if cant break there, must take profit fast.

    ReplyDelete
  3. CPO, short position established.
    sold @2052,

    cut loss at 2064 + 5 point higher.

    ReplyDelete
  4. CPO, temporary wait, direction is getting clearer

    ReplyDelete
  5. CPO support seen at 2054 - 2045 range.

    still establish short position once 5 min chart close below the range, while stop put at 2076 + 5 point.

    ReplyDelete