Wednesday, July 29, 2009

FCPO Daily: Sideways to bias upside potential


Immediate daily technical outlook improved following prices violated 2135 level.Thus, market may extend its sideways bias to upside potential in near term. Currently, we are looking for the upside resistance at 2162 followed by 2184. To the downside, support is pegged at 2100 followed by 2080-2060.