20091009 1248 FCPO Hourly Chart Study. Conqestion.

FCPO opened gap up following the development in China Dallian Commodity's palm oil that surge more than 100 points after a long holiday. It closed the morning session at 2062 with 30 point range below mid Bollinger Band = Market is still weak. Bollinger Band width continue to narrowing after market gap up suggesting a congestion market. Even the MACD histrogram isn't showing any sign of strength or weakness by staying flat = Neutral. At last look soy oil still stay flat @ 34.42 level.