FCPO Daily: Losing ground

Market is losing ground further following prices fully covered the downside gap at 2187-2175. Thus, consolidation is likely to continue in near term. Currently, we are looking for the immediate upside resistance at 2200-2205 followed by 2235-2250. While, downside support is adjusted to 2108-2085 (unfilled gap left over since 12/10/2009).