FKLI bias has turned up but price has to close above 1524 resistance level to keep bias intact.
Further up, expect selling within the area of 1530 - 1542, the 38% to 62% retracement level of April decline.
Support is still 1510, which saw false breakout yesterday, and thereafter 1505 and psychological 1500.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was upbeat as futures was price at slight premium to cash.
The 21 day moving average is now at 1530.
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