FKLI bias turned up but it has to close higher to keep bias intact.
Resistance is now 1457, just below yesterday's high and then 1573.
The 1440 level, also yesterday's low has now turned support and followed by last Friday's low of 1420.
The longer term trend is down.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1457.
R1/1457 R2/1473 R3/1490
S1/1440 S2/1420 S3/1410
FKLI bias turned down after the weak close but it has to close below 1420 to keep bias intact.
Below 1420, supports are at 1410 and then the psychological 1400.
The 1440 level has turned again into resistance followed by Thursday high of 1450.
The longer term trend is down.
Sentiment turned weak as futures is priced at steep discount to cash.
The 21 day moving average is now at 1458
R1/1440 R2/1450 R3/1473
S1/1420 S2/1410 S3/1400
FKLI bias turned up after the strong move yesterday and a higher close today should keep bias intact.
Resistance is now at yesterday's high of 1450 and followed by the gap of 1457.
The broken resistance of 1440 has now turned support and then 1420.
The longer term trend is down.
Sentiment turned upbeat as futures was at slight premium to cash.
The 21 day moving average is now at 1460.
R1/1450 R2/1457 R3/1473
S1/1440 S2/1420 S3/1410
FKLI bias has a slight bearish hint after it closed below 1420 support level.
Below 1420, support lies at 1410, the low of yesterday and thereafter the psychological 1400.
Bias will turn up if it can close above Tuesday's high of 1430 with stronger resistance at gap of 1440.
The longer term trend is down.
Sentiment stayed downcast as futures discount remains wide.
The 21 day moving average is now at 1460.
R1/1420 R2/1430 R3/1440
S1/1410 S2/1400 S3/1385
FKLI bias is mildly positive after the close above 1420 but it has to close higher to keep bias intact.
The next resistance is the gap of Monday of 1440 and followed by another gap at 1457.
Below 1420, support is expected at 1410 and thereafter the psycholOgical 1400.
Sentiment stayed weak as futures is still at steep discount to cash.
The longer term trend is down.
21 day moving average is now at 1461.
R1/1430 R2/1440 R3/1457
S1/1420 S2/1410 S3/1400
FKLI bias stays down but it has to close below 1440 to keep bias intact.
After 1440, support is expected at another prior low of 1420 and then psychological 1400.
Resistance is at gap of Friday at 1457 and then 1473.
The longer term trend is down.
Sentiment stayed weak as futures was priced cheap.
The 21 day moving average is now at 1463.
R1/1457 R2/1473 R3/1480
S1/1440 S2/1420 S3/1400
FKLI bias stays down after the lower close but it has to close below 1457 today to keep bias intact.
Further support is at 1447 and followed by the low of two week ago at 1440.
Resistance remains at 1473, the high of Wed and thereafter 1480, near the high of Monday.
The longer term trend is down.
Sentiment stayed weak as futures was at discouNt to cash.
The 21 day MAV line is at 1462.
R1/1473 R2/1480 R3/1490
S1/1457 S2/1447 S3/1440
FKLI bias is neutral but another close below 1473 should turn bias down.
Support is now the psychological 1450 and followed by last week's low of 1440.
Wednesday's low of 1473 has now turned resistance and thereafter recent high 1490.
The longer term trend is down.
Sentiment stayed weak as futures was priced cheap.
The 21 day moving average is now at 1457.
R1/1473 R2/1490 R3/1505
S1/1450 S2/1440 S3/1428
FKLI bias turned down after closing below morning low but it has to close below 1473 to keep bias intact.
Below 1473, supports should come at the gap of 1465-1458 followed by the psychological 1450.
Resistance remains at 1490 and thereafter 1505.
The longer term trend is down.
Sentiment turned weak as futures was price at deep discount to cash.
The 21 day moving average is now at 1454.
R1/1490 R2/1505
S1/1473 S2/1465 S3/1458
FKLI bias stays up after a higher close and it need to close higher to keep bias intact.
Resistance is still 1490 followed by the high of 16 Aug of 1505.
Support is now at 1473, the low of yesterday, followed by the gap of last Friday of 1465.
The longer term trend is sideways to down.
Sentiment stayed upbeat as futures was priced at premium to cash.
The 21 day moving average is now at 1450.
R1/1490 R2/1505
S1/1473 S2/1465 S3/1458
FKLI bias turned up after the strong close but it has to close higher to keep bias intact.
Resistance is recent high of 1490 followed by 16 Aug high of 1505.
The broken resistance of 1480 has not turned support and followed by the low of Friday at 1465.
The longer term trend is neutral to down.
Sentiment was upbeat as futures was priced at premium to cash.
The 21 day moving average is now at 1446.
R1/1490 R2/1505
S1/1480 S2/1465 S3/1458
FKLI bias is neutral after the Hammer close yesterday, but bias will turn up should it close above 1465 today.
Higher up expect support at 1475 and the recent high of 1490.
Support is now yesterday's low of 1440 and followed by 1428.
The longer term trend is down.
Sentiment stayed weak as futures was price as discount to cash.
The 21 day moving average is now at 1441.
R1/1465 R2/1475 R3/1490
S1/1440 S2/1428 S3/1420
FKLI bias turned up after closing above morning high but it has to close above 1475 today to keep bias intact.
Further up, expect resistance at week high around 1490 and then 1505.
Support is yesterday's afternoon gap of 1462 followed by yesterday's low of 1450.
The longer term trend is down.
Sentiment nonetheless stayed weak as futures was priced cheap to cash.
The 21 day moving average is now at 1438.
R1/1475 R2/1490 R3/1550
S1/1462 S2/1450 S3/1442
FKLI bias turned down after closing below 1475 and a lower close should keep bias intact.
Support is now expected at prior gaps, 1457 and followed by 1446.
The broken support of 1475 has now turned resistance followed by recent high of 1490.
The longer term trend is down.
The sentiment turned weak as futures was priced at steep discount to cash.
The 21 day moving average is now at 1431.
R1/1475 R2/1490 R3/1505
S1/1457 S2/1446 S3/1428
FKLI bias stays up and a higher close should keep bias intact.
Resistance is now the area of 1500-1505 and followed by uncovered gap of 1532.
The broken resistance of 1490 turned into support and then followed by 2-day low of 1475.
The longer term trend is neutral to down.
Sentiment stayed neutral as futures was priced about fair.
The 21 day moving average is now at 1427.
R1/1500-05 R2/1532
S1/1490 S2/1475 S3/1458
