CPO..Time To Rebound?

After three weeks of selling pressure, CPO Nov 09 contract closed at RM2130. (15-8-09, CPO still trading at 2400-2500 level). The next support level should be 2099, 2050 and 2000 level. If OPEC decided to cut output, crude oil may sustain at USD$68 level and CPO may sustain at 2100-2155 level. Time to LONG CPO for short term trading and SHORT level should be 2175 and above.