Palm | Kelapa Sawit

FKLI weekly chart printed with a long white candle as prices rebound after hit the low for year 2008 at 1083.0. Nevertheless, prices remains stayed below the head and shoulder's neckline support zone. Thus, market may consolidate in near term. We look for the underline support at 1045.5 (low since 11th Mar, 2007). For upside, resistance is at 1187.o.

Market tone: weak