FKLI bias stays up and a higher close should keep bias intact. Current upward momentum has fallen and it has to pick up to keep it going.
Resistance is still 1518, not too from Friday's high and thereafter the 1524, which kept price low for more than a month now.
Light support is expected at 1515 and then 1505, the close of last Wednesday. Stronger support is still at 1500 psychological level.
The longer term trend is neutral to up.
Sentiment is somewhat even as futures is priced about fair.
The 21 day moving average is now at 1503.
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