Wednesday, April 14, 2010

20100414 1240 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2535, changed : +4 points, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : getting higher slightly, buyer show some mild interest.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
Another boring session FCPO that closed slightly higher in tight range lesser volume market. Hourly chart reading remained side way range bound testing immediate support and resistant level.

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