FKLI bias turned down after the weak close but it has to close below 1500 to keep bias intact.
Further support is at 1490 and followed by 1480, both were an important level before.
Resistance is now 1510 and followed by 1515.
The longer term trend is neutral to down.
Sentiment was weak as futures was priced at steep discount to cash.
The 21 day moving average is now at 1519.
R1/1510 R2/1515 R3/1523
S1/1500 S2/1490 S3/1480
FKLI bias is mildly weak after the weak close Friday.
However, a close back above 1523 should restore the upward bias. Further support is at 1515.
Strong resistance remains at 1530, and followed by last week's intraday high of 1536.50.
The longer term trend is neutral to down.
The 21 day moving average is now at 1519.
R1/1530 R3/1536.5 R3/1541
S1/1523 S2/1515 S3/1510
FKLI bias is neutral after the lower close yesterday.
A higher close today should turn bias up and resistance is still expected at 1530 and then the week intraday high of 1536.
Support remains at 1532, not far from yesterday's low, and followed by 1515, the low of last Friday.
The longer term trend is neutral to down.
Sentiment was neutral as futures was price about fair.
The 21 day moving average is now at 1518.
R1/1530 R2/1536 R3/1541
S1/1532 S2/1515 S3/1510
FKLI bias stays up and a higher close should keep bias intact.
Resistance remains at 1530, tested several times in the past 2 weeks and followed by 1541.
Support is 1523, a prior low, and thereafter 1515, the low of last Friday.
The longer term trend is neutral to down.
Sentiment stayed upbeat as futures was priced at slight premium to cash.
The 21 day moving average is now at 1515.
R1/1530 R2/1541 R3/1558
S1/1523 S2/1515 S3/1510
FKLI bias turned up after the higher close but it has to close above 1523.50 to keep bias intact.
If broken, next resistance is 1532.50, tested several times last week, and thereafter 1541.
Support is still 1515, the gap of Wednesday and followed by 1510.
The longer term trend is neutral to down.
Sentiment is upbeat as futures was price at significant premium to cash.
The 21 day moving average is now at 1512.
R1/1523 R2/1532 R3/1541
S1/1515 S2/1510 S3/1502
FKLI bias was neutral after the lackluster move.
A close above 2 day high of 1523 should the bias turning up and next resistance is at 1532.50.
A close below 2-day low of 1515 should turn bias down with support also expected at 1510.
The longer term trend is neutral to down.
Sentiment was somewhat weak as futures was at discount to cash.
The 21 day moving average is now at 1510.
R1/1523 R2/1532 R3/1541
S1/1515 S2/1510 S3/1502
FKLI bias turned up after the strong close and it has to close above 1522 to keep bias intact.
Resistance is now 1530, tested multiple times last week and thereafter 1541.
Support is expected at 1515, gap of yesterday's afternoon session and followed by 1510, yesterday's morning gap.
The longer term trend is neutral to down.
Sentiment was upbeat as futures was priced at slight premium to cash.
The 21 day moving average is now at 1507.
R1/1522 R2/1530 R/1541
S1/1515 S2/1510 S3/1502
FKLI bias turned down and a close below 1510 should keep the bias intact.
Support is now at 1502, the low of 2 weeks ago and then 1493, the low of 3 weeks ago.
Resistance is now 1522, the low of last week and followed by a stronger one at 1530.
The longer term trend is neutral to down.
Sentiment is neutral as futures was priced about fair to cash.
The 21 day moving average is 1505.
R1/1510 R2/1522 R2/1530
S1/1502 S2/1493 S3/1480
FKLI bias stays neutral after an unchanged close.
A close below 2 day low of 1522 will turn bias down and the next support is at 1515.
A close above 1530 will see the return of upward bias and resistance is 1541.
The longer term trend is neutral to down.
Sentiment turned weak as futures was priced at discount to cash.
The 21 day moving average is now at 1500.
R1/1530 R2/1541 R3/1558
S1/1522 S2/1515 S3/1502
FKLI bias is neutral after the weak close but a close below 1522 should turn bias down.
Support is then at 1515, the low of the week, and followed by 1502, the low of last week.
Resistance is still 1530 and thereafter 1541.
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 1497.
R1/1530 R2/1541 R3/1558
S1/1522 S2/1515 S3/1502
FKLI bias stays up but it has to close above 1530 to keep bias intact.
Again, if broken the next resistance is at prior low of 1541 and followed by 1558.
Support is 3-day low of 1515 and then last week's low of 1502.
The longer term trend is neutral to down.
The 21 day moving average is now at 1493.
R1/1530 R2/1541 R3/1558
S1/1515 S2/1502 S3/1493
FKLI bias stays up but it has to close above 1530 to keep bias intact.
Above 1530, resistance is expected at 1541 and followed by 1558.
Support is now at 2-day low of 1515 and followed by last week's low of 1502.
The longer term trend is neutral to down.
Sentiment is still positive as futures was priced at slight premium to cash.
The 21 day moving average is now at 1490.
R1/1530 R2/1541 R3/1558
S1/1515 S2/1502 S3/1493
FKLI bias turned up after the strong but it has to close above 1518 to keep bias intact.
Resistance is at 1530, near the high of the week, and followed by 1541.
Support is yesterday's low of 1510 and thereafter the week's low of 1502.
The longer term trend is neutral to down.
Sentiment was neutral as futures was priced at slight premium to cash.
The 21 day moving average is at 1486.
R1/1518 R2/1530 R3/1541
S1/1510 S2/1502 S3/1493
FKLI bias turned down after the weak close but a close back above 1518 resistance level should turn bias back up.
Support is at yesterday's low of 1502 and followed by last week's low of 1493.
Further up, resistance is still the 1530, just below yesterday's high and followed by 1541.
The longer term trend is neutral to down.
Sentiment turned weak after futures was priced at discount to cash.
The 21 day moving average is at 1486.
R1/1518 R2/1530 R3/1541
S1/1502 S2/1493 S3/1480
FKLI bias stays up and a close higher should keep bias intact.
Resistance is still 1530, not too far from the high of Friday and yesterday and followed by 1541.
Support is not the area of 1515-1518, yesterday's morning gap and thereafter 1507.
Sentiment turned up as futures was priced a wide premium to cash.
The longer term trend is neutral to down.
The 21 day moving average is now at 1485.
R1/1530 R2/1541 R3/1558
S1/1515-1518 S2/1507 S3/1493
FKLI bias stays up after the firm close and a higher close should keep bias intact.
Resistance is just above last Friday's high of 1530 and followed by 1541.
The Dec contract high of 1515 is now support and thereafter 1507.
The longer term trend is neutral to down.
Sentiment turned weak after the wide futures discount to cash.
The 21 day moving average is now at 1484.
R1/1530 R2/1541 R3/1558
S1/1515 S2/1507 S3/1493
