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
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