20100622 1250 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2391, changed : -14 points, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : fall lower, not much participation from both buyer and seller.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
No follow through after yesterday climbed FCPO opened and traded weaker in thin trading volume tight 13 points range market. Hourly chart reading suggesting a side way range bound market testing resistant level.