FCPO Weekly: Sideways to lower

Market momentum getting weaker and tiredness following prices tested the immediate support at 2400 levels. Thus, market may continue to move sideways to lower in near term. As for now, we are looking for the immediate upside resistance at 2500-2520 followed by 2540-2600. To the downside, immediate support is lies at 2305-2285 (gap left over on 22/11/2009).