Tuesday, May 5, 2009

CPO Future Is In Volatile Phase

The swing of the prices of CPO Future (July 2009 Contract) had been wild and with the up gap and down gap, the market is volatile. This could mean the end of the up trend. Of course, confirmation is needed. I will watch and see in the next fews for direction.
The weekly chart is now bearish, then again there is not confirmation also. I am getting ready to short. These are for position trade; that means holding over night.

For now, I will look into 30 minutes chart for intraday trading. I will try not to have any position at the end of the day.

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