FKLI bias stays up after closing above 1540 resistance level but price has to close above 1546 to keep bias intact.
After 1546, expect resistance at 1562, the high of April. Minor selling may come at 1550.
The 1540 level has now turned support. Thereafter, expect support at 1536, the low of Thursday and then 1532.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was positive, the first time in 9 days as futures was priced rich to cash. A strong market should be able keep sentiment upbeat.
The 21 day moving average is now at 1528.
R1/1546 R2/1550 R3/1562
S1/1536 S2/1532 S3/1524
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