Palm | Kelapa Sawit

Market took a breather after hits the fresh new high at 1286. Immediate technical landscape remains positive despite prices gave up its early gains to cover some of the downside gap. Thus, uptrend remains intact and market may continue to challenge the upside resistance at 1286 followed by 1300-1310. To the downside, support is lies at 1262-1258 (unfilled gap left over on 6/11/2009) followed by 1230.