Golden Agri has broken the critical support at 0.55 on sell down in commodities counters today. Has been holding above 0.55 level since Sept 2010 and tested support twice including yesterday. Further sell down in commodities can see it go down to psychological 0.500 support level. Has been consolidating from 0.55 to 0.600 range since it broke the 0.600 support level in March 2013. Top 5 volume on sell down of support could signal strength in short term downside. Note that this is for CFD sell trade and not for naked short on cash market.
Buy stop at 0.555.
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