Thursday, November 13, 2008

FCPO Daily: end of consolidation phase


It's the end of consolidation phase following 1500 mark failed to defend. Looks market may continue its downside move in near term. We now look at the resistance at 1496-1505 (gap left over today) followed by 1545-1565. For downside, support is pegged at 1391-1358 followed by 1331.