Monday, April 20, 2009

Potential SideWay Ahead For CPO JUly 2009

Looking at the price movement of CPO Jul 2009 Daily chart which closed at 2446 with the high of 2501 and failed to close near the high (refer to the two charts), the market could head into consolidation.
I wanted to long today when the price broke above the recent high of 2488 registered on 15 April 2009, and I was ready if the price could close near the high, But it failed. I did nothing today.

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