Tuesday, January 20, 2009

FCPO Daily: struggle to survive at 18000 mark


Market looks struggle to survive at 1800 mark following prices has been hovering tightly between 1800 to 1870 level after covered the full gap at 1844-1856. Chart wise, market remains in sideways mode. We continue to look for downside support at 1800-1790 followed by 1738-1723. Upside resistance is at 1890-1900 followed by 1913-1935 (gap left over on 13/1/2009).