FKLI bias stays down after another failure to close above 1540 resistance level.
But price is now right at another support of the area of 1532, the low of the past 2 days, and 1530. Further support is at 1524 - 1520.
Resistance is still April high of 1562. Expect minor resistance at 1546, the high of Monday.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was again price cheap to cash.
The 21 day moving average is now at 1526.
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