FCPO Daily: Consolidation phase likely to extend

Consolidation phase likely to extend as market remains in rangy mode bias sideways to lower in near term market. As for now, upside resistance is at 2289-2296 (gap left over on 29/6/2009) followed by 2340-2350. For downside, immediate downside support is pegged at 2231 followed by 2155-2149.