Monday, February 22, 2010

FCPO Weekly: Improving


Market continue to holding ground and overall momentum improve a little following prices defended well at 2500 levels. However, more strength is still needed in order to change the current technical landscape to look more positively. Thus, we continue to look for the upside resistance at 2650-2675 followed by 2726. While, immediate downside support is still lies at 2542-2523 (gap left over on 14/2/2010) followed by 2400-2393.