Thursday, 21 October 2010

21oct2010, Target Hit 3020, 6pm sell if close 2982.

Hourly CPO hit a 100 points target at 3020 and retraced. If the price remains 20 points shy away from new high, chances to take profit and turn selling is gaining the momentum. Since 5pm is very hard to turn sell which is a below 2980, then hourly CPO may turn sell at 6pm with a higher level. If 5pm close at 2993, hourly CPO may  turn sell when 6pm close 2982 or lower.