20100709 1907 FCPO Weekly Chart Study.

Weekly Close: 2300, High: 2338, Low: 2270, Range: 68 points
FCPO closed : 2300, changed : -35 points, volume : higher.
Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller in charge.
Support : 2300, 2240, 2200 level.
Resistant : 2350, 2400, 2450 level.
Comment :
FKLI FCPO continue to head south with increasing volume changed hand closing right a crucial support level. Weekly chart wise, market tested below lower Bollinger band and closed at the band level. Market outlook suggest market is likely trade downside biased with possible pullback correction.