20100629 1433 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2380, changed : -20 points, volume : low.
Bollinger band reading : side way range bound downside biased.
MACD Histrogram : getting lower, seller decided to stay put.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
Overnight weaker soy oil and crude oil futures price lead FCPO to opened and traded lower in a tight 10 points range slow volume market. Hourly chart suggesting a side way range bound downside biased market for the near term testing support level.