FKLI bias turned down after failing to stay above morning low of 1533. But a close above 1530 today likely turn bias up.
Support is still the area of 1520 - 1518, which underpinned price on Tuesday. Thereafter, expect support at last week's low of 1510.
Resistance is now at 1530 and the the area of 1540 - 1542, the low of 2 weeks back.
The longer term trend is still up but price has to close above 1580 to confirm it.
Sentiment was weak as futures was priced cheap to cash.
The 21 day moving average is now at 1534.
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