FKLI bias stays down and a close below 1513 should keep bias intact. Do note however that buying was seen all day Monday as futures opened low and closed at day high.
Support remains at psychological 1500, which supported price twice in the past week. Further down, important bottom is 1485, the low of December.
Resistance is expected at 1515, which stopped price two times on Monday and then rebound high of 1533. A close above 1515 may turn bias up.
The longer term trend is still up.
Sentiment stayed weak as again futures was priced cheap.
21 day moving average is now 1550
No comments:
Post a Comment