FCPO Daily: Likely to extend losses

Market violated the underlined support at 2234-2225 had weaken further the overall technical landscape. Thus, there are still more room to bias downside potential. Currently, we are looking for the downside support at 2175-2155 (gap left over on 31/7/2009). To the upside, resistance is adjusted to 2280-2299(gap left over on 2/9/2009).