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
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