FKLI bias stays up but it has to close above 1505 to keep bias intact.
Resistance is still at 1513, the high of Dec and followed by the gap of 1530.
Support is still at 1493 and thereafter 22 Dec low of 1480.
The longer term trend is neutral to down.
Sentiment is neutral as futures was priced about fair.
The 21-day moving average is now at 1478.
R1/1505 R2/1513 R3/1530
S1/1493 S2/1480 S3/1467
FKLI bias stays up but it has to close above 1505 to keep bias intact.
If 1505 is broken, next support is at early Dec high of 1513 and followed by the gap of 1530.
Support is at yesterday's low of 1493 and thereafter 1480.
The longer term trend is neutral to down.
Sentiment is upbeat as futures was at slight premium to cash.
The 21-day moving average is at 1475.
R1/1505 R2/1513 R3/1530
S1/1493 S2/1480 S3/1467
FKLI bias stays up and a higher close should keep bias intact.
Resistance is now 1490, the high of afternoon session and followed by 1505.
Monday's high of 1480 is has now turned support and thereafter Tuesday's close of 1470.
The longer term trend is down.
Sentiment is neutral as futures as priced about fair.
The 21 day moving average is now at 1465.
R1/1490 R2/1505 R3/1513
S1/1480 S2/1470 S3/1460
FKLI bias is neutral as it closed right at support yesterday.
Therefore, a close below 1470 today will turn bias down and next support is at 1460, the low of Monday.
Resistance is still at 1480, the high of yesterday, and followed by 1490, the high of two weeks ago.
The longer term trend is down.
Sentiment is upbeat as futures was priced at premium to cash.
The 21-day moving average is now at 1459.
R1/1480 R2/1490 R3/1505
S1/1470 S2/1460 S3/1450
FKLI bias stays up and it needs to close above 1470 today to keep bias intact.
If broken, resistance is expected at the high of last week at 1480 and followed by 1490, the high of 2 weeks ago.
the 1460 has now turned support and followed by the psychological 1450.
The longer term trend is down.
Sentiment was mildly positive as futures was at slight premium to cash.
The 21 day moving average is now at 1459.
R1/1470 R2/1480 R3/1490
S1/1460 S2/1450 R3/1440
FKLI bias turned up after the strong close yesterday but it has to close higher to keep bias intact.
Resistance is now 1470, the high of Tue and Wed and followed by 1480, the high of Monday.
The 1460 has now turned into support and thereafter the psychological 1450.
The longer term trend is down.
Sentiment is muted as futures was priced about fair to cash.
The 21 day moving average is now at 1459.
R1/1470 R2/1480 R3/1490
S1/1460 S2/1450 S3/1440
FKLI bias stays neutral after the unchanged close.
A close above yesterday's high of 1470 should turn bias up and the next resistance is at 1480, the high of Monday.
Support stays at 1460 and a close below will turn bias down and next support is at 1540, the low of last week.
The longer term trend is down.
Sentiment was muted as futures was at slight discount to cash.
The 21 day moving average is now at 1459
R1/1470 R2/1480 R3/1490
S1/1460 S2/1450 S3/1440
FKLI bias is neutral after the close below morning low.
A close below yesterday's low of 1460 should turn bias down and next support is at Friday's low of 1450.
A higher close should turn bias up and resistance lies at 1480, the high of yesterday and thereafter 1490, high of last Thursday.
The longer term trend is down.
Sentiment was weak as futures was at marginal discount to cash.
The 21 day moving average is now at 1459.
R1/1480 R2/1490 R3/1505
S1/1460 S2/1450 S3/1440
FKLI bias stays down and it has to close lower to keep bias intact.
Support is now 1450, the low of last Friday and followed by 1440, the low of two weeks ago.
The 1460 support level has not turned resistance and thereafter 1473 the low of last Tuesday.
The longer term trend is down.
Sentiment stayed weak as futures was at discount to cash.
The 21-day moving average is now at 1459.
R1/1460 R2/1473 R3/1490
S1/1450 S2/1440 S3/1420
FKLI bias turned down after breaking below 1473 support and a close lower is needed to keep bias intact.
Support is now the gap of 1460 followed by the low of 1440.
The broken support of 1473 has now turned support followed by Wed's high of 1490.
The longer term trend is down.
Sentiment turned weak as futures was price at discount to cash.
The 21 day MAV line is now at 1460.
R1/1473 R2/1490 R3/1505
S1/1460 S2/1440 S3/1420
FKLI bias is neutral after the wild swinging move yesterday.
A close above yesterday's high of 1490 should turn bias up and the next resistance is at 1505.
Support is still Tuesday low of 1473 and followed by the gap of 1460.
The longer term trend is neutral to down.
Sentiment is muted as futures was priced about fair.
The 21 day moving average is now at 1461.
R1/1490 R2/1505 R3/1513
S1/1473 S2/1460 S3/1440
FKLI bias turned down after the lower close and it has to close below 1473 today to keep bias intact.
Further support is expected at last week's gap low of 1460 and followed by another gap of 1440.
The 1490 has now turned into resistance and thereafter Monday's high of 1505.
The longer term trend is down.
Sentiment turned weak after futures was priced cheap.
The 21 day moving average is now at 1461.
R1/1490 R2/1505 R3/1530
S1/1473 S2/1460 S3/1440
FKLI bias is neutral after the lackluster trade yesterday.
However, a close above 1505 should see the return of upward bias and next resistance is last week's high of 1513.
Support is 3-day low of 1490 and followed by 1473.
The longer term trend is neutral.
Sentiment stayed upbeat as futures was priced rich.
The 21 day moving average is now at 1460.
R1/1505 R2/1513 R3/1530
S1/1490 S2/1473 S3/1460
FKLI bias stays up after the strong move and a higher close should keep bias intact.
Resistance is now yesterday's high of 1513 followed by the gap of 5 Aug of 1526.
The broken resistance of 1490 has now turned support and thereafter yesterday's gap low 1460.
The longer term trend is neutral.
Sentiment stayed upbeat as futures was at premium to cash.
The 21 day moving average is now at 1457
R1/1513 R2/1526 R3/1532
S1/1490 S2/1480 S3/1460
