Palm | Kelapa Sawit

Immediate technical outlook remains cloudy as 2520-2500 levels was tested on intra-day basis but closing manage to climb back at 2521 levels. Thus, consolidation mode likely to extend in near term. We maintain the upside resistance at 2606 followed by 2650 levels. While, downside support is adjusted to 2480-2450 followed by 2428-2419 (gap left over on 23/11/2009).