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
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