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
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