20100511 1237 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2510, changed : -19 points, volume : low.
Bollinger band reading : side way range bound downside biased.
MACD Histrogram : weakening, lack of interest from buyer to support the market.
Support : 2500, 2470, 2450  level.
Resistant : 2521, 2550, 2570 level.
Comment :
Quiet side way range bound FCPO opened and eased lower after yesterday climb. Hourly chart shows a side way range bound downside biased market is likely to develop in the near term.