Friday, May 15, 2009

FCPO Daily: Bull took a breathe


Market reversed from its previous day gains to end at day low after cover the downside gap leftover at 2738-2736. Bull looks may take a short term break to build up more energy for a sustainable rally. As for now, we are now looking for the upside resistance at 2799. To the downside, support is pegged at 2650 followed by 2620-2600.