Market is losing ground after prices failed to sustain at higher end. Prices gap down and ended weak. Market may continue to look for a range to consolidate in near term. We look for the upside resistance at 2675-2688 (gap left over yesterday). For downside, support is pegged at 2513.
Tuesday, August 26, 2008
FCPO losing ground as failed to sustain at higher end
Market is losing ground after prices failed to sustain at higher end. Prices gap down and ended weak. Market may continue to look for a range to consolidate in near term. We look for the upside resistance at 2675-2688 (gap left over yesterday). For downside, support is pegged at 2513.