FCPO Daily: Up-trend remains intact

Up-trend remains intact despite prices touch and go after hit the fresh high for the year at 2799. Market looks may continue to march higher in near term. We are now looking for the immediate upside resistance at 2799 followed by 2850-2860.To the downside, immediate support is pegged at 2738-2736 (gap left over on 13/5/2009) followed by 2680-2650.