FCPO Daily: may want to challenge 1700 again!

FCPO ended with good closing despite it close below 1600 mark. Market looks stabilised following 1400 mark provided a good support. It may want to challenge 1700 level again in near term. We now look at the support at 1500-1487. For upside, resistance is at 1666-1675 followed by 1692-1700.