Saturday, June 29, 2013

CPO Daily Potential Rebound

There is high chance for CPO (Daily) to rebound given that 1. The price hit 38.2% Fibonacci level 2. The price touched 60 days moving average low. 
Week to week, the CPO price stays well between the range. 

1 comment:

  1. Hi Abel,
    Your weekly range in my opinion is very significant and crucial, breaking either lines will set trend precedence for next 3 to 6 month at least.

    very risky to favour which mid term trend direction at this moment.

    good luck fren.