FKLI bias stays down after failing to close above 1550 and price has to close below 1545 support, also last week's low, to keep bias intact.
Below that, expect support at 1540, near yesterday's low, and then 1535, the low of June.
The psychological 1550 has now turned resistance followed by 1555, the low of early week.
The longer term trend is up but price has to close back above 1580 to confirm it.
Sentiment stayed weak despite the 'hammer' in cash, as futures was priced cheap.
The 21 day moving average is now at 1572.
R1/1550 R2/1555 R3/1562-65
S1/1545 S2/1540 S3/1535
FKLI bias turned down and price has to close below 1550 to keep bias intact.
Below the psychological 1550, expect support at last weeks low of 1545 and then Jun low of 1535.
Resistance is still at 1565 and the the low of two week's back 1570.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed downcast as futures was priced at discount to cash.
The 21 day moving average is now at 1574.
R1/1562-65 R2/1570 R3/1580
S1/1552-1550 S2/1545 S3/1535
FKLI bias is nuetral failing to close below 1557, but bias should turn back down on close below it.
Below 1557, support may come at around the psychological level 1550 and then last week's low of 1545.
Resistance is still 1565, which put a cap on price yesterday, and then 1570 and 1580. A close above 1565 should turn bias up.
The longer term is still up but price has to close above 1580 to confirm it.
Sentiment turned weak as futures was priced at discount to cash.
The 21 day moving average is now at 1575.
R1/1565 R2/1570 R3/1580
S1/1557 S2/1552-50 S3/1545
FKLI bias turned down after closing below 1565 but price has to close below 1557 support level to keep bias intact.
Expect support around the psychological 1550 level and a stronger one at 1545, last week's low and also a support level in mid June.
The 1565 has now turned resistance and followed by 1570, low of 2 weeks ago, and 1580.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was weak as futures was priced at discount to cash.
The 21 day moving average is now at 1575.
R1/1565 R2/1570 R3/1580
S1/1552-50 S2/1545 S3/1535
FKLI bias turned up after the close above the weeklong 1565 resistance level, but price has to close higher, preferably above 1570 to keep bias intact.
Above the 1570 resistance, the low of two weeks back, selling may come at 1580 and 1586.
The 1565 level, near Friday's low, have now turned support, and expect buying at previous lows of the area of 1560-57 and 1552.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was mildly positive as futures was priced at slight premium to cash.
The 21 day moving average is now at 1576.
R1/1570 R2/1580 R3/1586
S1/1565 S2/1560-57 S3/1552-50
FKLI bias stays neutral after another failure to close above 1565, but again bias will turn up on close above it.
Resistance is still 1570, the low of last week, and thereafter 1580 and 1586, both a prior supports.
Expect support at the area of 1560-57, where price found support yesterday and then another area of 1552-1550, a previous low and also a psychological level.
The longer term is up but price has to close above 1580 to confirm it.
Sentiment turned weak after another failure to break resistance, but it should return if price closes above 1565 today.
The 21 day moving average is now at 1576.
R1/1570 R2/1580 R3/1586
S1/1560-57 S2/1552-50 S3/1545
FKLI bias stays neutral after it failed to close above 1565. But bias should turn up on close above it.
Resistance remains at 1570, last week's low, and then 1580, the high of Friday.
Support is now the area of 1562-60, the low of yesterday, and then 1557, Tuesday's afternoon high. Strong support at psychological 1550.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed bouyant, for second day running, as futures was priced at premium to cash. If it is to influence price, FKLI should close above 1565 today.
The 21 day moving average is now at 1576.
R1/1565 R2/1570 R3/1580
S1/1562-60 S2/1557 S3/1550
FKLI bias is now neutral with hint of upward bias from following the afternoon rebound. Price has to close above 1565 to turn bias up.
Further resistance is expected at 1570, a prior gap and last week's low, and then 1580.
Expect support at 1557, also a prior gap and yesterday's early afternoon high, and then the area of 1552-1550.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was bouyant as futures was priced at premium to cash
The 21 day moving average is now at 1576.
R1/1565 R2/1570 R3/1580
S1/1557 S2/1552-50 S3/1545
FKLI bias turned down after the failure of supportive candles of last week but price has to close below 1560 to keep bias intact.
Below 1560 (also a Fib level), expect support at 1556, morning gap of 21 June, and then the area of 1552-1550, the 4 week low.
The 1570 level now turned resistance followed by 1580 and 1586.
The longer term trend is up but price has to get back above 1580 to confirm it.
Sentiment is weak as futures was priced cheap to cash.
The 21 day moving average is now at 1575.
R1/1570 R2/1580 R3/1586
S1/1560 S2/1556 S3/1552-50
FKLI bias turned up after closing above morning low and it has to close above 1580 to keep bias intact.
Resistance is still at 1586, a prior gap, and then 1590. Stronger selling should come at psychological 1600.
Support is still 1575, which saw a false breakout last Friday, and then last week's low of 1570.
The longer term trend is up but price has to close above 1580 this Friday to keep view intact.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1575.
R1/1586 R2/1590 R3/1600
S1/1575 S2/1570 S3/1560
FKLI bias is neutral after an inside day trade yesterday, but bias will turn up should price close back above 1580.
Resistance is still at 1586, a covered gap, and 1590. Strong selling is expected at psychological 1600.
Expect support at 1575, Wednesday's low and then 1570, not too far from early week low.
The longer term trend is up but price has to close above 1580 today to confirm it.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1574.
R1/1580 R2/1586 R3/1590
S1/1575 S2/1570 S3/1560
FKLI bias turned up after closing above 1580 resistance level and it has to close above 1584 to keep bias intact.
Expect resistance at prior gap of 1586 and then 1590. Stronger selling should come at psychological 1600.
Below 1580, support may come at 1575, the low of yesterday and then 1570, not too far from early week low.
The longer term trend is up.
Negative sentiment of the past 3 days was shook off, as futures was price rich to cash.
The 21 day moving average is now at 1572.
R1/1586 R2/1590 R3/1600
S1/1580 S2/1575 S3/1570
FKLI bias turned down after closing below 1586 resistance and it has to close below 1580 support to keep bias intact.
Again, support is at the still uncovered gap of 1580 and then another gap of 1570.
The 1586 level has now turned resistance and thereafter 1590 and psychological 1600.
The longer term is up but price has to stay above 1580 to keep view intact.
Sentiment stayed weak as futures was priced at discount to cash. The move yesterday confirmed the weekend weak sentiment.
The 21 day moving average is now at 1569.
R1/1586 R2/1590 R3/1600
S1/1580 S2/1570 S3/1560
FKLI bias turned up and a close above 1593 should keep bias intact.
Again, expect resistance at psychological 1600 and every 10 points after.
The 1586 level, Friday's low and also a prior gap, has now turned support, and then the still uncovered gap of 1580.
The longer term trend is up.
Sentiment however was somewhat weak after futures was priced cheap to cash. If sentiment is to go by, the 1586 is the level to watch.
The 21 day moving average is now at 1568.
R1/1600 R2/1610
S1/1586 S2/1580 S3/1570
FKLI bias turned up but price has to close above 1590 to keep bias intact.
Expect resistance at 1594, level that put a lid on price twice this week, and then the psychological 1600.
The 1586 level has now turned support and then the uncovered gaps of 1580 and 1570.
The longer term trend is up.
Sentiment was somewhat weak, the first time in almost 10 days, as it was priced cheap.
The 21 day moving average is now at 1564.
R1/1594 R2/1600
S1/1586 S2/1580 S3/1570
FKLI bias stays neutral, a lower close is weak but still supportive as it was above morning high. Similarly, it is just above the 3-week long uptrend.
Nonetheless, price has to close above 1586 resistance level to turn bias back up. Further resistance is at 1590 and then the psychological 1600.
Support is still the prior high of 1580, and then another gap of 1570.
The longer term trend is up but price has to stay above 1580 to keep it intact.
Sentiment stayed positive as futures was priced at premium to cash. Again, price has to close above 1586 if the sentiment is to translate into a move.
The 21 day moving average is now at 1562.
R1/1586 R2/1590 R3/1600
S1/1580 S2/1570 S3/1560
FKLI bias is neutral after the unchanged close but nonetheless under pressure as it was below morning low.
Another close below Monday's gap of 1586 will turn bias down.
Again, pyschological 1600 should come as resistance with minor selling expected at 1590, just as it did yesterday.
Support stays at Friday's gap of 1580 and then another gap of 1570.
The longer term trend is up but price has to stay above 1580 to keep trend intact.
Sentiment nevertheless stayed positive as futures was priced rich to cash.
The 21 day moving average is now at 1561.
R1/1586 R2/1590 R3/1600
S1/1580 S2/1570 S3/1565
FKLI bias stays up and price has to close above 1585 to keep bias intact.
Resistance is still expected at 1600 psychological level. Minor selling may come at 1590.
Expect support at prior high of 1580, also gap of Friday, and then the mid week gap of 1570.
The longer term trend is up.
Sentiment stayed upbeat as futures was priced at premium to cash, more than a week now.
The 21 day moving average is now at 1560.
R1/1590 R2/1600 R3/1610
S1/1580 S2/1570 S3/1565
