FKLI bias seem to have turned down and it has to close below 1524 to confirm the downward bias.
However, expect bias to turn back up should price close above 1533.
Resistance remains at 1540, the high of the week. Thereafter, sellers may come at 1550 and then the gap of 1562 - 1564.
Support remains at gap of 1524 - 1519 and the possibly 1513. Further down, the psychological level 1500 may underpin price. Important bottom is still Dec low of 1485.
The longer term trend stays up.
Sentiment worsened as futures discount widened.
21 day moving average is now at 1548.
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