Palm | Kelapa Sawit

FKLI hourly chart show little sign of rebound after the recent downturn. Thus, we look for the upside gap at 1137.5 to 1132 (gap left over on 3rd July, 2008). Downside support is pegged at 1104.5.

Recommendation: for intra-day, suggest to go for long with a sell stop at 1100.