20100623 1247 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2381, changed : +4 points, volume : low.
Bollinger band reading : downside biased.
MACD Histrogram : recovering, seller taking profit.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
Another quiet day for FCPO that traded in low volume tight range market recorded slightly gain in price.
Hourly chart shows that market resumed its downwards movement after having 2 candles of correction with a downside biased market reading.