FKLI bias turns up after closing above 1540 resistance level and a close above 1543 should keep bias intact.
Minor resistance can be expected at psychological 1550 and a stronger one at April high of 1562.
The 1540 level has now turned support. Further support is at 1530 and then the area of 1524, low of Wednesday, and 1520.
Minor resistance can be expected at psychological 1550 and a stronger one at April high of 1562.
The 1540 level has now turned support. Further support is at 1530 and then the area of 1524, low of Wednesday, and 1520.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was positive for the first time in more than a week as futures was price at premium to cash.
The 21 day moving average is now at 1525.
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