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
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