20100602 1323 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2465, changed : +5 points, volume : low.
Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : getting higher, buyer testing market.
Support : 2450, 2400, 2370 level.
Resistant : 2470, 2500, 2521 level.
Comment :
14 points range FCPO traded marginally higher in less volume changed hand after market opened and traded higher testing resistant level. Hourly chart reading suggesting a side way range bound little downside biased market development.