Palm | Kelapa Sawit

Immediate technical outlook weakened further despite prices tested the underlying support at 2481 and rebounded to close off the low. As for now, we are looking for the immediate upside resistance at 2525-2541 (gap left over on 12/1/2010) followed by 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).