Palm | Kelapa Sawit

Immediate technical landscape is still conquered by bears despite prices manage to cover the upside gap left over at 2525-2541 levels. We maintain our view sideways to bias downside potential in near term. To the upside, we continue to look for the resistance at 2570-2572 (gap left over on 12/1/2010). To the downside, immediate support is lies at 2480-2445 followed by 2428-2419 (gap left over on 23/11/2009).