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FCPO Daily: Sideways to lower move likely to continue

Posted by Flora Sawita Labels:


Market continue its losing streak as prices weaken further. Thus, we maintain our view sideways to lower in near term. To the downside, immediate support is lies at 2428-2419 (gap left over on 29/11/2009)followed by 2370-2360. While, upside resistance is pegged at 2472-2475 (gap left over on 20/1/2010) followed by 2500.

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