FKLI bias turned up after closing above 1550 but price has to close above 1554 to keep bias intact.
Given the consolidation of the past two weeks, price is facing multiple resistance in the area of 1560-64. Next resistance is at all time high of 1580.
The psychological 1550 has now turned support. Further supports are expected at 1545 and then 153, the low of last week.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was again at discount to cash.
The 21 day moving average is now at 1547.
R1/1560-64 R2/1570 R3/1580
S1/1550 S2/1545 S3/1536-33
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