Palm | Kelapa Sawit

Market still facing tough resistance at 2200 levels following prices still not manage to break through. However, immediate daily technical outlook remains positive despite prices losing ground for consecutive two trading days. We maintain our view sideways to higher in near term market with upside target maintain at 2200-2240 levels. Meanwhile, downside support is maintain at 2118-2085 (gap left over on 12/10/2009)