FKLI bias stays down after a lower close but it has to close lower to keep bias intact.
Support still lies at Aug low of 1428 and thereafter the psychological 1400.
The late Aug low of 1438 has now turned resistance, which kept price low yesterday afternoon and then 1447, near the high of the past 2 days.
The longer term trend is neutral to down.
Sentiment stays weak as futures discount remains, though the spread narrowed.
The 21 day moving average is now at 1465.
R1/1438 R2/1447 R3/1458
S1/1428 S2/1400 S3/1392
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