FCPO Daily: 2500 levels defended

Market defended at 2500 levels and rebounded after drop for straight two days. However, immediate technical landscape remains weak. 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).