FKLI bias stays down after another lower close and a close below 1462 should see bias intact.
Immediate support is now the uncovered gap of 1455 and then 1436.
The 1470 has now turned resistance and followed by week high of 1490.
The close below 1470 has now turned the longer term trend down.
Sentiment stayed weak as futures was price cheap.
The 21 day moving average is now at 1500.
R1/1470 R2/1490 R3/1500
S1/1455 S2/1436 S3/1420
FKLI bias turned down after a close below 1470 and a close below 1465 should keep bias intact.
Support is now yesterday's close of 1465 and then the uncovered gap of 1455.
The 1470 has turned into resistance and then yesterday's high of 1490.
The longer term trend stays neutral.
Sentiment turned weak as futures was priced cheap.
The 21 day moving average is now at 1505.
R1/1470 R2/1490 R3/1500
S1/1465 S2/1455 S3/1436
FKLI bias turned up after a higher close and price has to close above 1490 to keep bias intact.
After 1490, expect resistance at psychological 1500 and thereafter the low of two weeks back of 1508.
The 1480 level has now turned into support and thereafter 1470, the low of Monday.
The longer term trend is neutral.
Sentiment stayed upbeat for two days in a row now as futures was priced at premium to cash.
The 21 day moving average is now at 1509.
R1/1490 R2/1500 R3/1508
S1/1480 S2/1470 S3/1455
FKLI bias is neutral after price rallied in the afternoon but a close below 1470 should see bias turning down again.
Resistance is still 1480, the high of yesterday and followed by 1490, the high of gap of Monday and 1500 psychological level.
Below 1470, support lies at 1455, the uncovered gap of two weeks back and then 1436.
The longer term trend is neutral.
Sentiment was surprisingly upbeat as futures was priced at a good premium over cash, the first time in more than two weeks.
The 21 day moving average is now at 1512.
R1/1480 R2/1490 R3/1500
S1/1470 S2/1455 S3/1436
FKLI bias stays down but it as to close below 1470 to keep bias intact.
Support remains at 1470, the low of last week and then the uncovered gap of 1455.
The gap of Friday of 1485-90 has now turned resistance and expect stronger selling at psychological 1500 level.
The longer term trend is still neutral.
Sentiment remained subdued, as it did more most part in the last two weeks, as futures was price at discount to cash.
The 21 day moving average is now at 1517.
R1/1485-90 S2/1500 S3/1508
S1/1470 S2/1455 S3/1436
FKLI bias stays down after failing to close above 1500 but a close above it should turn bias up.
Support is now 1490, the low of yesterday and then 1480, the gap of early week followed by 1470.
Strong resistance is at psychological 1500 and then last week's low of 1508, followed by the gap of 1530.
The longer term trend is neutral.
Sentiment stayed weak, as futures was price at discount.
The 21 day moving average is now at 1524.
R1/1500 R2/1508 R/1530
S1/1490 S2/1480 S3/1470
FKLI bias turned down after closing below morning low and also 1490 support level.
Further support is expected at 1480, the low of the gap of Monday and then 1470, the low of Friday, and followed by the uncovered gap of 1455.
The 1490 level has now turned into resistance and expect selling at 1500 psychological level and last week's low of 1508.
The longer term trend remains neutral.
Sentiment stay weak as futures was price at steep discount to cash.
The 21 day moving average is now at 1527.
R/1490 R2/1500 R3/1508
S1/1480 S2/1470 S3/1455
FKLI bias stays up but price has to close above 1500 to keep bias intact.
Above 1500, expect resistance at 1508, the low of last week, and the the gap of 1530.
Support is expected at prior resistance of 1490 and then 1480, the opening gap of yesterday.
The longer term trend is neutral.
Sentiment stayed weak on this rebound as futures was priced at discount to cash.
The 21 day moving average is now at 1531.
R1/1500 R2/1508 R3/1530
S1/1490 S2/1480 S3/1470
FKLI bias turned up after closing above morning high, and a close above 1480 should keep bias intact.
Resistance is now at mid week high of 1490 and the psychological 1500. Further up, resistance should come at gap of 1530.
The 1470 level remains as support and then yesterday's low of 1455.
The longer term trend is neutral but price has to close above 1480 to keep it intact.
Sentiment stayed downcast as futures was priced at discount to cash.
The 21 day moving average is now at 1540.
R1/1490 R2/1500 R3/1530
S1/1470 S2/1455 S3/1435
FKLI bias is neutral as it managed to close above 1470 support but the close below morning low weighs.
Support is still at 1470, near Monday low, and then Tuesday’s morning high of 1455 and followed by 1436.
The 2-day high of 1490 is now resistance and thereafter psychological 1500 and last week’s gap of 1530.
The longer term trend is neutral but price need to get above 1490 to keep from turning weak.
Sentiment stayed weak as futures was priced cheap to cash.
The 21 day moving average is now at 1545.
R1/1490 R2/1500 R3/1530
S1/1455 S2/1436 S3/1420
FKLI bias turned up after closing above morning high but price has to close above 1490 to keep bias intact.
Resistance is expected at 1500 psychological level and then last week's low of 1510. Selling should also come at uncovered gap of 1532.
Morning high of 1455 is now support and followed by 1436 and then 1425, not too far from day low.
The longer term trend is now neutral and price has to close above 1470 to keep view intact.
Sentiment stayed weak as futures was at deep discount to cash.
The 21 day moving average is now at 1550.
R1/1485 R2/1500 R3/1510
S1/1470 S2/1455 S3/1436
FKLI bias turned up after closing above morning high but price has to close above 1540 to keep bias intact.
Resistance can be expected at 1532, the low last Wednesday, 1540, the top of the gap of Friday, and then psychological 1550.
Support is expected at 1510, the low of last week and then the psychological 1500. Further support is expected at prior important level of 1494.
The longer term trend is up but price has to close above 1580 to confirm.
Sentiment was somewhat upbeat as futures was at slight premium to cash.
The 21 day moving average is now at 1562.
R1/1532 R2/1540 R3/1550
S1/1510 S2/1500 S3/1494
FKLI bias turned down after closing below morning low but price has to close below 1540 to keep bias down.
Support is still at last week's low of 1540 and then the week low of 1532. Further support is expected at late May's low of 1518.
Resistance should come at 1545, where false breakout occured yesterday and the psychological 1550.
The longer term trend is still up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was again at discount to cash.
The 21 day moving average is now at 1564.
R1/1545 R2/1550 R3/1555
S1/1540 S2/1532 S3/1518
FKLI bias turned up after closing above morning high of 1540 but price has to close above 1545 to keep bias intact.
Again, resistance is at Monday's low of 1545 and then the psychological 1550. Thereafter, expect resistance at Monday's high of 1555.
Last week's low of 1540 is still support, then yesterday's low of 1532 and late May's low of 1518.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was priced at discount to cash.
The 21 day moving average is now at 1566.
R1/1545 R2/1550 R3/1555
S1/1540 S2/1532 S3/1518
FKLI bias turned dow after closing below morning low and a close below 1549 should keep bias intact.
Support should come at last week's low of 1540 and then July low of 1535. Buying may also come at 1518, late May low.
The psychological 1550 has again turned resistance and then follow by 1555, the high of the week.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was at discount to cash.
The 21 day moving average is now at 1568.
R1/1550 R2/1555 R3/1562-65
S1/1540 S2/1535 S3/1518
FKLI bias turned up after closing above 1550 level and a close above 1557 should keep bias intact.
Expect resistance at around the area 1562-65, the high of last week, and then 1570, the high of two weeks ago.
Firm support should come at 1550 psychological level with a minor support at 1555. The support should also come at 1540, the low of last week.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment however stayed weak as futures was priced at discount to cash.
The 21 day moving average is now at 1570.
R1/1562-65 R2/1570 R3/1580
S1/1550 S2/1540 S3/1535
FKLI bias stays neutral despite the lower close, but a close above 1550 should see bias turning up.
Higher up, expect resistance as 1555, near last Monday's low, and then 1565, last's week high.
Support is still two days low of 1540, followed by June's low of 1535 and late May low of 1520.
The longer term trend is still up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was at discount to cash.
The 21 day moving average is now at 1571.
R1/1550 R2/1555 R3/1562-65
S1/1540 S2/1535 S3/1520
