FKLI bias turned up after closing above morning high but price has to close above 1540 to keep bias intact.
Resistance can be expected at 1532, the low last Wednesday, 1540, the top of the gap of Friday, and then psychological 1550.
Support is expected at 1510, the low of last week and then the psychological 1500. Further support is expected at prior important level of 1494.
The longer term trend is up but price has to close above 1580 to confirm.
Sentiment was somewhat upbeat as futures was at slight premium to cash.
The 21 day moving average is now at 1562.
R1/1532 R2/1540 R3/1550
S1/1510 S2/1500 S3/1494
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