Friday, October 30, 2009

FCPO Daily: Holding ground


A long white candle appears following prices turning upward after found some cushion at 2130 levels. Thus, consolidation phase is likely to continue in near term. Currently, we are looking for the immediate upside resistance at 2200-2205 (gap left over on 27/10/2009) followed by 2250. While, downside support is lies at 2130 followed by 2108-2085 (unfilled gap left over since 12/10/2009).