Friday, November 13, 2009

FCPO Daily: Sideways


Market is still hovering sideways yet to break through the tough resistance at 2285. Thus, market looks may continue to consolidate in near term. We continue to look for the immediate upside resistance at 2285-2299 (unfilled gap left over since 2/9/2009) followed by 2335-2352 (gap left over on 1/9/2009). While, downside support is remains pegged at 2215-2200 followed by 2180-2150.