Palm | Kelapa Sawit

Market looks is turning the other way round following prices failed to stay firm at 2200 levels. Thus, consolidation phase is likely to continue and may move bias sideways to downside potential in near term. Currently, we are looking for the immediate upside resistance at 2200-2205 (gap left over on 27/10/2009. While, downside support is remains at 2108-2085 (unfilled gap left over since 12/10/2009).