FKLI bias stays down and a close below 1516 should keep bias intact.
Support is still 1510, the low of yesterday and thereafter the psychological 1500. Minor support could come at 1505.
Resistance is now the area of 1518 - 1520, the yesterday afternoon session high and then 1530.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was extremely bearish as futures was priced at steep discount to cash.
The 21 day moving average is now at 1531.
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