FKLI bias stays up and a close above 1510 should keep bias intact.
The psychological 1500 level, also Monday's low, has now turned support. Thereafter, expect support at 1494, 1480 and the last week's and Nov low of 1470.
Resistance is now 1518 and then 1524, the level that kept price low for the past month.
The longer term trend is neutral to up.
Sentiment turned positive, first time in a while, as futures was price at premium to cash.
The 21 day moving average is now at 1503.
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