FKLI bias stays up but it has to close above 1535 resistance level to keep bias intact.
Again, expect resistance between the area of 1530 to 1542, the 38% to 62% retracement level of April decline.
Support is now 1524, the low of yesterday and then 1510, the false break of Monday.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was somewhat weak as futures was priced cheap to cash.
The 21 day moving average is now at 1532.
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