20100601 1311 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2446, changed : +10 points, volume : low.

Bollinger band reading : side way downside biased.
MACD Histrogram : recovering, seller reduce exposure.
Support : 2400, 2370, 2340 level.
Resistant : 2450, 2470, 2500 level.
Comment :
FCPO traded slightly higher in quiet volume after tested but unable to maintain itself above resistant level. Hourly chart reading suggesting a side way range bound downside biased market.