FCPO Outlook 17-21 Feb 2014

Hi all,
lets look into Weekly Chart first.

Seem the resistance at 2692 will be tested again. but when?

Going down onto Daily Chart.....seem we got the answer there.

The chart shows 'star' sign - a bearish sign.

Potentially, market will go easy this week (my guess only).

Might be Buy on dip or buy once confirm break 2692.....

Happy trading to all.

Daily EOD 7 Feb 2014

Potential to develop into Crab pattern.
Others - Trendline breakout; price above MA13.

CPO is in consolidation mode lately. For trend following traders like me -  suffer waiting for the setup.
but never mind. I use daily chart, so only once a day. spent couple of minutes to analyse and decide whether there is setup or not for me to take.

Happy trading all.