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
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