FKLI bias turned down after closing below 1540 support level and a close below 1530 should keep bias intact.
Support is now the area of 1532, the low of last Friday, and 1530. Further support is at the area of 1524 - 1520.
The 1540 level has now turned into a resistance and then 1545.
The longer term trend is up but price has to close above 1580 to confirm it.
Positive sentiment failed to hold as futures was back at discount to cash.
The 21 day moving average is now at 1525.
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