20100308 1240 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2686, changed : +16 points, volume : thin.
Bollinger band reading : upside biased.
MACD Histrogram : getting weaker, buyer taking profit.
Support : 2670, 2650, 2620 level.
Resistant : 2700, 2730, 2750 level.
Comment :
A quiet morning on FCPO that ended the first session a marginally higher duirng the first day of the Malaysia palm oil conference. Hourly chart reading suggest that market is likely to trade side way range bound upside biased.