FCPO Daily: Sideways to lower move likely to continue

Market continue its losing streak as prices weaken further. Thus, we maintain our view sideways to lower in near term. To the downside, immediate support is lies at 2428-2419 (gap left over on 29/11/2009)followed by 2370-2360. While, upside resistance is pegged at 2472-2475 (gap left over on 20/1/2010) followed by 2500.