CPO 7th July 2009

As yesterday,
no position held for overnight.

Results:
0 safe, 0 con, 0 loss, 2 win

For CPO,
hourly chart shows choppy trading.
slaughter most of the intraday traders.
some of overnight position would be triggered loss.

Outlook:
Sideways,
turning bullish if 2075 - 2100 range not break.

Strategy:
Stay out from market

if still insist to go market:

If CPO >2209, stay out from market. possible confirm bullish.

If CPO 2180 < x < 2209, bearish. short. Cut loss if hourly bar close above 2209

If CPO 2075 < x < 2100, supporting. long for position. cut loss if hourly chart close below 2075.

not encourage to traded too much in CPO as expected CPO would shake most of the position traders's stop order.

Happy Trading days.