The close above opening high and the 1518 resistance level were just enough to keep bias of FKLI up, and a close above 1524 resistance level should keep bias intact.
Further up, expect selling at 1533 and then 1540, the high of last week and a month ago.
Support is now yesterday's low of 1510 and then the area of 1504 and psychological 1500 level.
The longer term trend is neutral to up.
Sentiment was upbeat as futures was price at significant premium to cash.
The 21 day moving average is now at 1508
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