9/5/2012 ; 3335 ; BEARISH STILL - FCPO  unable to continue bullish momentum even though break up from the bullish flag. Instead it formed a pennant and it broke down before closing today due to weakness in  fundamentals and commodities.

23/2/2012 ; 15 min chart ; 3475 . SIDEWAY TO LOWER

I was stopped out again this time at 3499 when 15 min chart gave a sell signal. FCPO went sideway to lower after opening higher but lost the upward momentum and closed near the lows of the day. I guess correction is not over yet until it closed above yesterday's closing.

7/4/2012 ; Soybean daily bar chart.

A picture shows a thousand words. Food for thought. If  the chart of soybeans looks like that. Can FCPO make a pattern  just like that?

18/1/2012- 60 min chart ; 3245

Bullish - still within the 'bearish flag' charting a higher high of 3276 and a higher low albeit a lower volume. Open gap up but closed near the lows of the day. Market seems 'out of breath' at the closing after opening very strong. Support ; 3220, 3202, 3171. Resist; 3276, 3305, 3385. Range target; 3220 - 3310.

17/2/12 ; 3189

60 min chart; Pullback but still within 'bearish flag'. As long as price is within flag, it's bullish. Support; 3171, 3142, 3118. Resist; 3213, 3244, 3270. Range target; 3180 - 3240

16/2/2012 ; 60 min chart ; 3197

Bullish still. Even though closed lower, but recorded higher high and higher low. Price is still within the 'bearish flag' and above both moving averages.  Support ; 3171, 3142, 3118. Resist ; 3244,3270,3300. Range target ; 3194 - 3260. Upside target ; 3372.

15/2/2012; 60 min chart; 3205

Bullish- recorded a higher high and higher low and closed at high of the day with moderate volume. FCPO now forming a 'bearish flag' and as long as the price is within the flag it's bullish. If it breakdown its bearish. Support; 3171,3142, 3118. Resist; 3244, 3270,3300. Range target;3170-3245. Upside target; 3372.