FKLI bias may have turned up and a close above 1524 support should keep bias up.
Support is expected at Wednesday gap of 1524 - 1519 and then the psychological 1500, which supported price twice in the past 2 weeks.
Important low is still Dec low of 1485.
Resistance is still 1533 and further selling may come at 1550 and then the gap of 1562 - 1564.
The longer term trend is still up.
Sentiment is somewhat weak as futures was priced cheap to cash.
21 day moving average is now at 1550.
No comments:
Post a Comment