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
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