Palm | Kelapa Sawit

Market looks little tiredness following prices close at the day low. Consolidation phase likely to extend in near term with immediate downside support is pegged at 2503-2497 followed by 2455. while, upside resistance is looking at 2565-2580 levels.

Market looks to move in tight range trading in between 2520-2580 levels.

Market continue to move in sideways channel and we continue to look for the upside resistance at 2722-2726 while downside support lies at 2450-2400 levels. Violation of either way may provide a clearer direction to market.

Immediate technical outlook remains sideways to bias upside potential despite prices erased its earlier gains to end lower. Thus, we continue to look for the immediate upside resistance at 2595-2600. While, downside support is lies at 2503-2497 levels (gap left over on 23/4/2010).

Market rebounded for consecutive 3 trading days and violated the physiological resistance at 2500 levels had improved the immediate daily technical outlook to sideways bias upside potential. Thus, we are looking to for the immediate upside resistance at 2595-2600. While, downside support is lies at 2500 levels.

Weekly technical outlook remains weak despite prices close at the weekly high. We continue to look for the upside resistance at 2722-2726 while downside support lies at 2400-2393 levels.Violation of either way may provide a clearer direction to market.

Market getting closer to 2500 levels again but yet to break through. Market maintain its sideways to lower posture in near term. Thus, we are looking to 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.

Market tested 2500 levels at intra-day basis but yet to break through. Immediate daily technical outlook remains weak and may extend its sideways to lower move in near term. Thus, we are looking to 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.

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.

Market ends the consolidation phase following prices violated the 2500 levels convincingly. Thus, market may move sideways to lower in near term. To the upside, resistance is pegged at 2494-2504 (gap left over on 19/4/2010). While, downside support is lies at 2430-2400.

Market extended its tight rangy mode between 2722-2726 to 2400-2393 levels.Violation of either way may provide a clearer direction to market.

Range trading between 2500 to 2600 looks likely to continue in near term as nothing much changes to the immediate daily technical landscape.

Market extended its sideways move in between 2500-2600 levels and nothing much changes on the immediate technical outlook. Thus, we continue to wait for a significant breakout from the either way to provide a more clearer direction to market.

Market continue to trade in between 2500 to 2600 level. We are still waiting for a significant breakout from the either way to provide a more clearer direction to market.

Consolidation looks likely to extend in near term as prices remains traded in rangy mode between 2722-2726 to 2400-2393 levels.Violation of either way may provide a clearer direction to market.

Market continue to stuck in range trading between 2500 to 2600 levels. Breakout from the either way may provide a more clearer direction to the market in near term.

Nothing much changes on the immediate technical landscape as prices move in a tight rangy mode. Thus, market looks may continue to consolidate and trade in the range of 2722-2726 to 2400-2393 levels.

Nothing much changes on the immediate technical landscape despite market defended at 2500 level. Thus, market looks may continue to move sideways to lower in near term. As for now, we continue to look for the upside resistance at 2595-2600. While, immediate downside support is lies at 2500 followed by 2470-2462 (gap left over since 3/2/2010).

Market defended at 2500 levels and rebounded after drop for straight two days. However, immediate technical landscape remains weak. Thus, market looks may continue to move sideways to lower in near term. As for now, we continue to look for the upside resistance at 2595-2600. While, immediate downside support is lies at 2500 followed by 2470-2462 (gap left over since 3/2/2010).

Immediate technical landscape dampened further following market continue to lose ground and fully cover the downside gap left over at 2528-2523. Thus, market looks may continue to move sideways to lower in near term. As for now, we continue to look for the upside resistance at 2595-2600. While, immediate downside support is lies at 2500 followed by 2470-2462 (gap left over since 3/2/2010).