FCPO Daily: remains cloudy

Market direction remains cloudy as market extended its sideways move. We continue to look for the resistance at 1607-1626 (gap left over yesterday) followed by 1727-1734 (gap left over since 15 Oct, 2008). Support is pegged at 1548-1539 (gap left over since 31 Oct, 2008) followed by 1491-1441 (gap left over since 29 Oct, 2008).