Thursday, May 13, 2010
The CPO market dated 11th of May open not within one of the suggested forecasts so nothing happened!
The forecast for today;
1) If the market opens between 2505 to 2510. Sell after the market has fallen the levels between 2495 to 2500.
2) If the market opens between 2511 to 2516. Buy after the market has moved up passing the levels between 2520 to 2524.
3) If the market opens between 2521 to 2526. Buy after the market has dropped a bit and then moves up 4 points above the opening level.
4) If the market opens between 2500 to 2506. Sell after the market has fallen passing the levels between 2490 to 2495.
5) If the market opens other than the above, it is simply your call.
6) Also refer to my psoting dated 11th January, see #6.
The best thing is to refer to your dealer if you are uncertain.
That's about it, just cross your finger.
Have a nice trading day, guys.