FKLI bias is still down and a close below 1492 should keep bias intact.
Support is still 1480, the low of the past 3 weeks and then Nov low of 1470.
Resistance is now the area of 1497 - 1500, between the high of Friday and of course the psychological level.
The longer term trend is sideways to up.
Sentiment was somewhat upbeat as futures was priced at premium to cash. But should bias stay down, it may well turn discount again.
The 21 day moving average is now at 1514.
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