Wednesday, May 20, 2009

FCPO Daily: Remains sideway


Market covered the upside gap at 2603-2655 to retain its upward posture. However, the rebound was not convincing enough to change its current sideways move. As for now, we are now looking for the upside resistance at 2680-2700. To the downside, support is pegged at 2605-2603 (gap left over on 19/5/2009) followed by 2515-2500.