FKLI bias has turned down though a close above 1555 likely turn bias up again. Note too that price is just above psychological 1550 support level. Price has to close below 1550 to keep bias down.
Further down, expect support at 1547 and then prior highs of 1540 and 1530.
Resistance is now 1555 and thereafter the uncovered gap of January, the area of 1562 - 1564.
DO notice that cash has not traded below Thrusday low, look for both cash and futures to trade in sync again today.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment turned downcast as futures was priced at discount to cash.
The 21 day moving average is now at 1520.
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