FKLI bias turned up after a firm close above morning high and a close above 1555 should keep bias intact.
Resistance is still the area of 1562-1564, the gap of January and thereafter the all time high of 1580. Minor selling may come at 1570.
Support is still 1550, the low of Monday and then 1545, near the low of yesterday and last week. Further down, expect support at the gap of late May, 1536-33.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed positive as futures was priced at premium to cash.
The 21 day moving average is now at 1540.
R1/1562-64 R2/1570 R3/1580
S1/1550 S2/1545 S3/1536-33
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