Wednesday, December 23, 2009

FCPO Daily: Searching for a base support


Two day of losing streak had slowing down the market upside move.Market looks may continue to consolidate searching for a base support. For now, we are looking for the immediate downside support at 2500-2480 followed by 2460-2445. To the upside, resistance is pegged at 2585-2598 (gap left over on 21/12/2009) followed by 2628.