20100604 1346 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2464, changed : +8 points, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, not much action from both buyer and seller.
Support : 2450, 2400, 2380 level.
Resistant : 2470, 2500, 2521 level.
Comment :
FCPO continue to trade range bound within a tight 14 points range closed slightly higher for lunch in bored volume transaction. Hourly chart shows a side way range bound market still taking place for the near term.