Palm | Kelapa Sawit

Market upward strength was not strong enough after tested the recent high at 2250. It then eased off to cover the immediate downside gap at 2227-2224. Thus, market looks may consolidate in near term. As for now, we are looking for the upside resistance at 2250. While, downside support is pegged at 2187-2175 (gap left over on 22/10/2009) followed by 2108-2085 (unfilled gap left over since 12/10/2009).