Thursday, April 2, 2009

FCPO Daily: 2051-2058 violated!


Market violated 2051-2058 and close at day high at 2070 had strengthened further the upside momentum. Bull looks may continue to fight its battle but be aware that correction may come in anytime due to the recent strong rebound. We are now looking for the upside resistance at 2100-2150. To the downside, support is pegged at 2010-2002 (gap left over on 1/4/2009) followed by 1980-1970.