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
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