FKLI bias turned back up and a close above 1562 should keep bias intact.
Resistance is now the area of 1562-1564, the high of April and gap of Jan, and then all time high of 1580. Minor selling may come at 1570.
The 1550 level has now turned support. Further support is at 1545 and the gap of last week 1536-33.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was somewhat downcast, as futures was price at discount to cash.
The 21 day moving average is now at 1530.
R1/1562-64 R2/1570 R3/1580
S1/1550 S2/1545 S3/1536-33
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