Friday, January 29, 2010

FCPO Daily: Remains sideways to lower


Market recouped its earlier losses to fully cover the upside gap left over at 2458-2460. However, more strength is still needed in order to change the immediate daily technical landscape from negative to positive. As for now, we continue to look for the immediate support at 2393 followed by 2370-2360. While, upside resistance is pegged 2490-2500 followed by 2520.