FCPO Weekly: Enter to Consolidation zone

Market is entering a consolidation zone after it managed to defend at 2149 level. We maintain our view sideways to lower in near term market while waiting for a significant breakout either to the upside at 2350 or downside support at 2149. Violation of either way may see next upside resistance at 2400-2450. Downside support will be followed by 2100-2050.