Friday, May 29, 2009

FCPO Daily: Directionless


Market was directionless as doji appeared after prices close unchanged. We are waiting for a significant breakout either of 2350 or 2799 level. As for now, we are looking for the immediate upside resistance at 2530-2560 followed by 2600. To the downside, support is pegged at 2422 followed by 2350.