20100211 1600 FCPO After Mid Day Hourly Chart Study.

FCPO last looked : 2587, changed : +24 points, volume : low.
Bollinger band reading : bullish.
MACD Histrogram : rise higher, buyer still in.
Support : 2570, 2550, 2521 level.
Resistant : 2590, 2620, 2650 level.
Comment : Better soy oil futures price lead FCPO to opened and traded higher within a small 25 points range with low volume transacted. Hourly chart reading looks bullish upside biased. Expected market to trade side way range bound with a little upside biased.