FKLI bias stays down after failing to close above 1500 but a close above it should turn bias up.
Support is now 1490, the low of yesterday and then 1480, the gap of early week followed by 1470.
Strong resistance is at psychological 1500 and then last week's low of 1508, followed by the gap of 1530.
The longer term trend is neutral.
Sentiment stayed weak, as futures was price at discount.
The 21 day moving average is now at 1524.
R1/1500 R2/1508 R/1530
S1/1490 S2/1480 S3/1470
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