FKLI bias stays up and a close above 1508 should keep bias intact. Again, it needs to trade above 1524 resistance to keep upward momentum going.
Also the 1518 resistance level, not too far from yesterdays's high, may put a cap on price.
Support is now the area of 1504, low of afternoon session, and the psychological 1500. Further down, expect support at 1480 and Nov low of 1470.
The longer term trend is neutral to up.
Sentiment was positive as futures was priced at premium to cash.
The 21 day moving average is now at 1508.
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