Friday, April 16, 2010

20100416 1847 FCPO Weekly Chart Study.

FCPO closed : 2518, changed : -76 points, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, seller increase exposure.
Support : 2500, 2450, 2400 level.
Resistant : 2530, 2580, 2630 level.
Comment :
FCPO ended the week lower in quiet volume participation. Weekly chart still favour a side way range bound market in the near term.

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