Tuesday, October 20, 2009

FCPO Daily: Immediate daily technical outlook strengthen further


Market strengthen further its upward momentum despite prices shy away at 2,200 levels. Market looks may continue to challenge the upside resistance at 2,200 to 2,240 followed by the next resistance at 2,280-2,299 (gap left over on 2/9/2009). Downside support is adjusted to 2140-2130 followed by 2108-2100 (unfilled gap left over since 11/10/2009)