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
No comments:
Post a Comment