FKLI bias stays up after higher close and a higher close is needed today to keep bias intact.
Resistance is now Friday's high of 1490 followed by high of 16 Aug of 1505.
Support is Friday's low of 1476 and the uncovered gap at 1457.
The longer term trend is neutral to down.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1424.
R1/1490 R2/1505 R3/1523
S1/1476 S2/1457 S3/1450
FKLI bias stays up and a higher close today should keep bias intact.
Resistance is now at 1480, the broken support level, and followed by 1490.
Support is now 1470, yesterday's afternoon low, and the 1457, the low of the gap created yesterday.
The longer term trend is down.
Sentiment stayed upbeat as futures basis was positive.
The 21 day moving average is now at 1418.
R1/1480 R2/1490 R3/1500
S1/1470 S2/1457 S3/1442
FKLI bias stays up after a higher close but it has to close higher to keep bias intact.
Resistance is at 1457, the high of gap of 18 Oct, which is now broken and then 1470, the close of last Friday.
Support is still 1450, which a false breakdown occurred on Tuesday, followed by the low of gap of Monday, 1442.
The longer term trend is down.
Sentiment was weak as futures was priced at discount to cash.
The 21 day moving average is now at 1411.
R1/1457 R2/1470 R3/1480
S1/1450 S2/1442 S3/1428
FKLI bias turns up after the higher close but it has to close higher to keep bias intact.
Resistance is now at yesterday's high of 1465 and followed by last Friday's close of 1470.
Support is at yesterday low of 1450 and followed by yesterday's gap low of 1442.
The longer term trend is down.
Sentiment turned positive as futures as at slight premium over cash.
The 21 day moving average is now at 1405.
R1/1465 R2/1470 R3/1480
S1/1450 S2/1442 S3/1430
FKLI bias is neutral but a close above 2-day high of 1442 should turn bias up.
Resistance is at psychological 1450 and thereafter last Tuesday high of 1456.
Support is now last Friday's low of 1428 followed by last Thursday's low of 1420.
The longer term trend is down.
Sentiment was weak as futures basis was negative.
The 21 day moving average is now at 1402.
R1/1442 r2/1450 R3/1456
S1/1428 S2/1420 S3/1400
FKLI bias has turned down but it has to close below 1400 to keep bias intact.
Below 1400, support is expected at 1385, gap of last Thursday and thereafter 1350.
Last week's high of 1408 has now turned resistance and followed by the high of 21 Sep, 1422.
The longer term trend is down.
Sentiment is weak as futures was priced at discount to cash.
The 21 day moving average is now at 1392.
R1/1408 R2/1420 R3/1447
S1/1400 S2/1385 S3/1350
FKLI bias turned down after it closed below morning low but it has to close below 1385 to confirm the weakness.
Below the gap of 1385, further support is expected at 1350 and then the low of last week of 1340.
Resistance is still psychological 1400 followed by Friday high of 1408 and then 1420.
The longer term trend is down.
Sentiment turned weak as futures was at deep discount to cash.
The 21 day moving average is now at 1397.
R1/1400 R2/1408 R3/1420
S1/1385 S2/1350 S3/1340
FKLI bias stays up but price has to close above 1400 today to keep bias intact.
Next resistance is 1420 followed by 1447.
Support is now yesterday's low of 1385 and then Wed's afternoon low of 1350.
The longer term trend is down.
Sentiment was positive as futures was at premium to cash.
The 21 day moving average is at 1401.
R1/1400 R2/1420 R3/1447
S1/1385 S2/1350 S3/1340
FKLI bias stays up but it has to close higher to keep bias intact.
Resistance is still at 1400 psychological level followed by 1420.
Support is Tuesday's afternoon low of 1350 and then week's low of 1340.
The longer term trend is down.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1403
R1/1400 R2/1420 R3/1447
S1/1375 S2/1350 S3/1340
FKLI bias turned up after the higher close and it has to close above 1375 to keep bias intact.
After 1375, next resistance is expected at psychological 1400, the high of last week, and then 1420.
Support is still 1350, the low of yesterday's afternoon session and then 1340, which was tested 3 times in the past 2 weeks.
The longer term trend is down.
Sentiment also turned positive as futures was priced at significant premium to cash.
The 21 day moving average is now at 1407.
R1/1375 R2/1400 R3/1420
S1/1350 S2/1340 S3/1320
FKLI bias turned down after the lower close and it has to close lower to keep bias intact.
Support is now last Tuesday's low of 1340 and followed by 1320.
The broken support of 1375 has now turned resistance and thereafter the psychological 1400.
The longer term trend is down.
Sentiment stayed weak as futures was price at discount to cash.
The 21 day moving average is now at 1412.
R1/1375 R2/1400 R3/1420
S1/1340 S2/1320 S3/1300
FKLI bias is neutral after the weak close and a close below 1375 should turn bias down.
Further support is expected at Thursday low of 1350 and then 1340.
Resistance is still at psychological 1400, near the high of Friday and then 1420.
The longer term trend is down.
Sentiment stayed weak as basis discount remains.
The 21 day moving average is now at 1416.
R1/1400 R2/1420 R3/1447
S1/1375 S2/1350 S3/1340
