Golden Agri has been trading above the 0.59 since Oct 2011 till last Friday. It has tested and closed below the 0.600 psychological support last Friday. 0.59 support has broken today too. Currently at 0.58. Short term downside to test 0.55 support possible on weak market. As long as 0.600 remains as a resistance, we remain bearish. If the 0.55 support does not hold as well, can see it dip further to 0.500 critically. Note: CFD to short and not for intraday naked short sales on cash market.
Put a Buy stop at 0.61 nevertheless.
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