Wednesday, March 25, 2009

FCPO Daily: Bull taking a breathe


Market fully covered the downside gap left over at 2002-1985 to close in negative territory. Bull took a breathe after two days sharp rise and it views as a healthy correction in order for a longer lasting rally. Upside resistance remained at 2058 followed by 2100-2150. While, downside support is pegged at 1950-1945 followed by 1900.