Palm | Kelapa Sawit

Market gap up to stay firm above 1280 levels had strengthen further the market upward momentum. We are waiting for the significant breakout from the overhead resistance at 1286 levels. Violation of it may provide more room to bias upside potential with upside is projected at 1295-1310 levels.While, downside support is pegged at 1274-1272 (gap left over on 4/1/2010).