FKLI bias stays down after another lower close and price has to close below 1427 to keep bias intact.
Should 1427 is broken, expect support at psychological 1400 and then 1390.
Resistance is still at 1447, not too far from last week high and then gap high of 1458.
The longer term trend is neutral to down.
Sentiment stayed weak as futures was priced at discount to cash.
The 21 day moving average is now at 1463.
R1/1447 R2/1458 R3/1465
S1/1427 S2/1400 S3/1390
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