CPO - 13/4/09

Since the ADX continues to rise and the so is the MACD, so I have no reason to think that the current bull moves will be over soon. Though I will maintain my stops at 2169 to protect the profit. As in the case of Kloffe, the Stochastic has gone into 90's area but since the ADX has now risen to 31, so I would look at the MACD rather than the Stochastic oscillator.

The weekly MACD has now got nearer to its own zero signal line which is getting increasing bullish. Once crossing this line , it shall constitute as another new buy signal.

The next upside target would be 2600.