Palm | Kelapa Sawit

Correction phase looks is likely to continue in near term following prices tumbled further. Currently, we are looking for the immediate downside support at 10,800-10,700 levels. Violation of it may provide more room to bias downside potential. To the upside, resistance is pegged at 11,258.

Market hammered down with a long black candle had slow down the market upward momentum. Thus, market may enter into correction zone after the recent long run. Currently, we are looking for the downside support at 10,800-10,700. To the upside, resistance is pegged at 11,258.

Immediate weekly technical landscape remains in positive mode despite prices ended sharply lower for the week. As for now, we are looking for the immediate upside resistance at 11,400 to 11,500. To the downside, support is lies at 10,700 to 10,500.

Market surpassing 11,000 had strengthened further the overall immediate technical outlook to bias upside potential. As for now, we are looking for the upside resistance at 11,140-11,160 followed by 11,500. To the downside, support is lies at 10,700 followed by 10,500.

Market violated the recent high and pushed to close near to 11,000 levels had strengthened further the market upward momentum. Hence, immediate upside resistance is pegged at 11,000-11,160 followed by 11,500. To the downside, support is lies at 10,800 levels.

Market hits fresh new high to stay above 10,000 physiological resistance levels. Thus, more room to bias upside potential. As for now, we are looking for the immediate upside resistance at 10,800 to 11,000. While, immediate downside support is looking at 10,600 levels.

Dark cloud covered following prices violated the underline support at 10,000 mark. Hence, it may provide more room to bias downside potential in near term market. Next support will be looking at 9930-9850 followed by 9680. While, upside resistance is pegged at 10,300 levels.

Market is getting closer to the underline support at 10,000 mark. Violation of it may provide more room to bias downside potential in near term market. Next support will be looking at 9930-9850. While, upside resistance is pegged at 10280-10360 levels.

Market has been falling down sharply and trying to defend at 10,000 underline support. Nevertheless, immediate daily technical outlook remains weak and look have room to move down further in near term market. Currently, we are looking for the upside resistance at 10,400 to 10,500. Downside support is lies at 10,000 followed by 9930 levels.

Market tested the fresh high at 10,729 levels but failed to sustain. Market looks little tiredness and may due for a correction in near term. Upside resistance and downside support is pegged at 10,730 and 10,000 levels respectively.

Market tested the immediate upside resistance at 10,500 levels but not at closing. More strength is still needed in order for a more sustainable rally in near term. Thus, we maintain the upside resistance at 10,800. To the downside, support is remains at 10,000.

Immediate technical landscape remains positive following prices tested the upside resistance at 10,500 but not closing. Thus, we continue to look for the upside resistance at 10,500-10,800. To the downside, support is remains at 10,000.

Market manage to stay firm above 10,300 levels had strengthen further the overall immediate technical landscape. Thus, we are now look for the upside resistance at 10,500-10,800. To the downside, support is remains at 10,000.

Market stayed firm at above 10,400 levels following a convincing break out from the overhead resistance at 10,200 levels. This had strengthen further the overall technical landscape to bias upside potential. Thus, market may likely to march higher to challenge the next resistance at 10,500-10,800. To the downside, support is pegged at 10,200-10,000.

Market tested the 10,300 levels but not at closing. Thus, more strength is still needed in order to maintain its upward momentum. We maintain the upside resistance at 10,300-10,500. To the downside, support is remains at 10,000-9,900.

A convincing break out from the overhead resistance at 10,200 levels had strengthen further the overall immediate technical landscape. Thus, market may likely to march higher to challenge the next resistance at 10,300-10,500. To the downside, support is pegged at 10,000-9,900.

Market manage to hold ground at 9,600 levels and climbed to close at 10,000 resistance mark. However, it was not convincing enough despite prices close with a long white candle. We will wait to see a breakout from the either overhead resistance at 10,200 or the support at 9,600 may provide us a more clearer picture.

Market looks has losing ground after failed to challenge 10,000 resistance mark. Hence, correction phase may take place in near term with upside resistance and downside support is pegged at 10,000 and 9,400 levels respectively.

Bulls hit the pause button following prices facing a tough resistance at 10,000 levels. Market looks may enter into correction zone in near term after the recent rally. Upside resistance is stood at 10,000-10,300 levels. While, downside support is pegged at 9,600-9,400 levels.

Market shows a little tiredness mode after the recent run up to challenge 10,000 resistance mark. However, we maintain positive towards the near term market with upside resistance is stood at 10,300 levels. While, downside support remains at 9,400 levels.