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
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