FCPO Daily: Hovering at 2,100 levels

Upward move has been slowing down a little following prices facing some tough resistance at 2200 levels. Thus, market may move in sideways in near term. As for now, we maintain the immediate downside support at 2140-2130 followed by 2108-2085 (unfilled gap left over since 12/10/2009). To the upside, resistance is pegged at 2217-2240.