Monday, September 22, 2008

FCPO Hourly: due for consolidation


Market touch and go after hit the intra-day high at 2311 and gave up all its gains to end lower by midday break. Market may due for a consolidation in near term. We now look for the resistance at 2338-2368 (gap left over on 12-15 Sept, 2008). For downside, support is pegged at 2020.