20100326 1239 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2552, changed : -23 points, volume : low.
Bollinger band reading : side way downside biased.
MACD Histrogram : falling, seller returned.
Support : 2550, 2521, 2500 level.
Resistant : 2570, 2590, 2620 level.
Comment :
Weaker overnight soy oil futures price lead FCPO to opened and traded lower in light volume. Hourly chart suggesting market to trade downside biased with possible small upward correction as price once overly penetrated below the lower Bollinger band level.