FCPO Daily: 1600 mark tested

Market covered the full gap at 1563-1571 and tested 1600 mark had provided a sign of bottoming out. Market looks may want to challenge the gap left over since 10/11/2008 at 1610-1612 followed by 1696-1705. For downside, immediate support is at 1500-1490 followed by 1470-1450.