Monday, May 31, 2010

201000531 1426 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2440, changed : -17 points, volume : low.
Bollinger band reading : downside biased.
MACD Histrogram : getting lower, seller in control.
Support : 2400, 2370, 2340 level.
Resistant : 2450, 2470, 2500 level.
Comment :
World cup mood FCPO traded lower in ultra low volume changed hand. Hourly chart reading shows a downside biased potential market.

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