FKLI bias seems down after failing to close above 1480 for the first time in five months. But a close above 1480 will turn bias up.
Support is now 1470, also Nov low. Therafter, expect support at Sep low of 1440.
Prior support level of 1480 has now turned resistance. Further up, expect selling at 1494 and the psychological 1500.
The longer term trend is neutral to up.
Sentiment stayed weak as futures was priced cheap.
The 21 day moving average is now 1504.
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