CPO- mild correction setting in

Yesterday, the Parabolic SAR (SAR stands for 'stop-and-reversal' indicator) has moved above the CPO price. This signals the start of a correction in CPO prices. I expect the correction to be mild with support seen at RM2300-2350, from either the horizontal line or the center line of the Bollinger Band (which is a 20-day Exponential Moving Average line).


Chart: CPO's daily chart as at Aug 17, 2009 (Source: ifs.marketcenter.com)