20100322 1244 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2580, changed : +3 points, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : rising, short covering.
Support : 2570, 2550, 2521 level.
Resistant : 2590, 2620, 2650 level.
Comment :
Side way range bound FCPO ended the morning session higher by a fraction with discouraging volume changed hand. Hourly chart reading suggesting market is likely to continue to trade side wy range bound with testing support and resistant.