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
No comments:
Post a Comment