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
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