Palm | Kelapa Sawit

Market shies away at 2500 levels closing off the intra-high. Prices manage to rebound to cover partial of the left over upside gap had cushioned a little the market downside momentum. However, more strength is still needed in order to change the current sideways to lower move. Currently, we are looking for the immediate upside, resistance 2500-2504 (left over gap since 19/4/2010)followed by 2525-2530. While, downside support is lies at 2455-2460 followed by 2440-2430.