Tuesday, October 13, 2009

FCPO Daily: May challenge 2180-2240 in near term


Market rebounded strongly after the recent consolidation mode. Market gap up and violated the 2100-2130 convincingly. Thus, market looks may want to challenge next resistance at 2180-2240 levels in near term. To the downside, support is pegged at 2118-2085 (gap left over on 12/10/2009)