SSE Weekly: Remains in bearish mode

Immediate weekly technical outlook remains in bearish mode despite prices recovered and rebounded to close near the weekly high. Thus, we maintain bearish view towards the near term market. We maintain the downside support at 2580-2530 followed by 2400-2370. To the upside, resistance is adjusted to 3004 followed by 3020-3039 (gap left over on since 23/8/2009).