Thursday, April 22, 2010

FCPO Daily: Sideways to lower


Market tested 2500 levels at intra-day basis but yet to break through. Immediate daily technical outlook remains weak and may extend its sideways to lower move in near term. Thus, we are looking to for the immediate upside resistance 2500-2504 (left over gap since 19/4/2010)followed by 2525-2530. While, downside support is lies at 2455-2460 followed by 2440-2430.