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
No comments:
Post a Comment