Palm | Kelapa Sawit

Market tested the overhead resistance at 2270-2275 but not manage to stay firm after failed to cover the full gap left over since 2/9/2009 at 2280-2299. However, 2200 levels remains supportive and defended well. Thus, market still needed more strength in order to build up a stronger base for upward move. We are now looking for the immediate upside resistance at 2285-2299 (unfilled gap left over since 2/9/2009) followed by 2335-2352 (gap left over on 1/9/2009). While, downside support is remains pegged at 2215-2200 followed by 2180-2150.