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
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