20100219 1835 FCPO Weekly Chart Study.

FCPO closed : 2596, changed : +17 points, volume : lower.
Bollinger band reading : side way upside biased.
MACD Histrogram : rising higher, buyer still defending.
Support : 2521, middle Bollinger band, 2400 level.
Resistant : 2600, 2650, 2740 level.
Comment :
The 3 transaction days holiday mood FCPO market still managed to end slightly higher with lower volume transacted after trader reduced positions during the long holidays. Weekly chart wise, outlook remained unchanged with a side way range bound upside biased market.