Palm | Kelapa Sawit

Market losing ground further with printed a long black candle following prices violated the immediate support at 2600-2580 levels. Bulls looks likely to take a breathe after the recent run up. Thus, we may enter into correction mode in near term. As for now, we are looking for the immediate upside resistance at 2667-2675 (gap left over on 7/1/2010). To the downside, immediate support is lies at 2540-2535 followed by 2500-2480 levels.