FCPO Daily: May challenge again 2180-2240 levels

Tough resistance was seen at around 2180-2240 levels as prices still failed to pass through. Nevertheless, immediate daily technical outlook has been improved a little since the recent sharp rebound. Thus, market may continue to move sideways to bias upside potential in near term. Meanwhile, downside support is maintain at 2118-2085 (gap left over on 12/10/2009)