Tuesday, December 15, 2009

20091215 1328 FCPO Mid Day Hourly Chart Study.



FCPO closed up 4 points at 2517 with just 865 contract traded. Looks like Christmas holiday may come early this year. The hourly chart remained hovering at the middle Bollinger band with the band width narrowing = side way ranging market. MACD Histrogram turned slightly upward = no serious buying appear in the market. With the tiny amount of volume changed hand, it would be difficult to give a valid view of the market base on technical views other than a side way ranging market at this point of time until more volume return to the market. A cloudy day plus a boring market, may be this is just the right time to take some sleep or rest.

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