The Bursa CPO is marked down further following the big fall in Crude Oil yesterday. However, it is in an uncertain state right now due to small rebound in crude (near USD 92). No indication of strength coming in for any rebound yet, so it is still a bearish view. Not much interest in the upside of the market (last two very low spread up bars). I will short the market as soon as the down fall has started again. Look for some down bars with increasing volume. Now it is not a time to enter yet.

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