Tuesday, March 30, 2010

FCPO Daily: 2500 able to defend?


Immediate technical landscape dampened further following market continue to lose ground and fully cover the downside gap left over at 2528-2523. Thus, market looks may continue to move sideways to lower in near term. As for now, we continue to look for the upside resistance at 2595-2600. While, immediate downside support is lies at 2500 followed by 2470-2462 (gap left over since 3/2/2010).