20100617 1331 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2373, changed : -7 points, volume : low.
Bollinger band reading : downside biased.
MACD Histrogram : recovering, not much action from seller.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
FCPO continue to trade weaker in thin volume transaction ignoring consecutive price rally in soy oil futures.
Hourly chart shows that market is hovering up and down within a sad disappointing 9 points range market with a downside biased outlook.