Monday, April 27, 2009

FCPO Weekly: Bullish tone remains firm


Market extended its winning streak for the straight fourth week. Bullish tone remains firm and steady following resistance at 2550-2600 was violated. As for now, we look for the immediate upside resistance at 2665-2675 followed by 2700-2750. While, downside support is pegged at 2300-2275.