Thursday, February 26, 2009

FCPO Daily: may continue to challenge 1900 mark


Market momentum has improved despite close below 1900 mark after tested 1900-1910 in intra-day basis. Market looks may continue to challenge 1900 mark in near term. Thus, we are now looking for the resistance at 1935-1950 followed by 1970-2000. Immediate support is pegged at 1881-1878(gap left over on 25/2/2009).