Palm | Kelapa Sawit

Overall technical landscape weakened further following prices close at day low at 2407 (same as recent low on 21/1/2010). Thus, violation of the immediate support at 2407 levels likely to prompt more room to bias downside potential. As for now, we continue to look for the immediate support at 2400 followed by 2370-2360. While, upside resistance is pegged at 2458-2460 (gap left over on 26/1/2010) followed by 2490-2500.