Palm | Kelapa Sawit

Market tested 2500 mark but shy away. However, the overall immediate weekly landscape is improving and bull is trying to build up a concrete base for a stronger and long lasting the upward momentum. We maintain our positive view towards the near term market. To the upside, resistance is adjusted to 2650-2675 followed by 2799. Downside support is pegged at 2350 followed by 2250-2225.