FKLI bias turned neutral after yesterday's afternoon rebound.
A close above yesterday's high of 1560 should turn bias and next resistance is 1564.5.
A close below 1553, which it failed to do yesterday, will turn bias down and next support is 1546.
The longer term trend is neutral to down.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1548.
R1/1560 R2/1564.5 R3/1570
S1/1553 S2/1546 S3/1540
FKLI bias turned down after the weak closing and it has to close below 1553 support level to keep bias intact.
Further support is at 1456, the low of 2 weeks ago, and followed by 1540.
Resistance is now at 1560 and thereafter last Friday's high of 1564.5.
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 1546.
R1/1560 R2/1564.5 R3/1570
S1/1553 S2/1546 R3/1540
FKLI bias turned up after the positive close and a higher close should keep bias intact.
Resistance is now 1564.5, last Friday high and also the high of 15 Feb, and thereafter last week's high of 1570.
The 1560 has now turned into support and followed by gap of 17 Feb of 1553.
The longer term trend is neutral to down.
Sentiment stayed positive as futures premium to cash widened.
The 21 day moving average is now at 1545.
R1/1564.5 R2/1570 R3/1580
S1/1560 S2/1553 S3/1548
FKLI bias is neutral after the unchanged close.
A close above yesterday's high of 1561 should turn bias up and the next resistance in the week high of 1570.
A close below yesterday's low of 1553 should turn bias down and next support is last week's low of 1546.
The longer term trend is neutral to down.
The 21 day moving average is 1543.
R1/1561 R2/1570 R3/1580
S1/1553 S2/1546 S3/1540
FKLI bias turned down but it has to close below 1556 resistance level to keep bias intact.
Further support is at 1553, the gap of 17 Feb, and followed by 1547, the low of last week.
Yesterday's morning low of 1563 has now turned resistance and thereafter 1570, the high of the week.
The longer term trend is neutral to down.
The 21 day moving average is now at 1541.
R1/1563 R2/1570 R3/1580
S1/1556 S2/1553 S3/1547
FKLI bias stays up and a higher close should keep bias intact.
Resistance remains at 1570 and thereafter 1580, both a prior high and low.
Yesterday's resistance of 1564 has now turned support and followed by Monday's low of 1556.
The longer term trend is neutral to down.
Sentiment stayed upbeat as futures was priced rich to cash.
The 21 day moving average is now at 1540.
R1/1570 R2/1580 R3/1590
S1/1564 S2/1556 S3/1553
FKLI bias stays up following the firmer close and a higher close should keep bias intact.
Resistance remains at 1564, the intraday high of last week and followed by prior high of 1570.
Yesterday's low of 1556 should come as support and thereafter the gap of last Friday at 1553.
The longer term trend is neutral to down.
Sentiment was slightly upbeat as futures remains at premium to cash.
The 21 day moving average is now at 1537.
R1/1564 R2/1570 R3/1580
S1/1556 S2/1553 S3/1547
FKLI bias turned up after the firm close and another close above 1560 should keep bias intact.
Resistance is last week's high of 1564 and followed by 1570.
Support is last Friday's gap high low of 1553 and thereafter Thursday's low of 1547.
The longer term trend is neutral to down.
Sentiment was slightly upbeat as futures was at a touch premium to cash.
The 21 day moving average is now at 1535.
R1/1564 R2/1570 R3/1580
S1/1560 S2/1553 S3/1547
FKLI bias stays up but it has to close above 1562.5 to keep bias intact.
Resistance remains at 1570 and thereafter 1580.
Support is still at Tuesday's low of 1554 and followed by 1548.
The longer term trend in neutral to down.
Sentiment was muted as futures was priced about fair.
The 21 day moving average is now at 1531.
R1/1562.5 R2/1570 R3/1580
S1/1554 S2/1548 S3/1542
FKLI bias still carries a hint of upward bias but it needs to close above 1562.50 to keep bias intact.
Further resistance is expected at 1570 and 1580, both a prior high and low.
Support is now at 1554, yesterday's low and thereafter 1548.
The longer term trend is neutral to down.
Sentiment stays weak as futures are at discount to cash.
The 21 day moving average is now at 1531.
R1/1562.5 R2/1570 R3/1580
S1/1554 S2/1548 S3/1542
FKLI has a slight upward bias after the higher close but it has to close above 1562.5, yesterday's high to keep bias intact.
Next resistance is at 1570 and thereafter 1580, a prior low.
Support is at 1554, near yesterday's low and followed by 1548.
The longer term trend is neutral to down.
Sentiment stays weak as futures was at discount to cash.
The 21 day moving average is now at 1530.
R1/1562.5 R2/1570 R3/1580
S1/1554 S2/1548 S3/1542
FKLI bias is neutral after the weak close last Friday.
Resistance is now at 1556 and a close higher should turn bias up and next resistance is at 1562.
Support is now at 1548 and a close below should turn bias down and next support is at 1540.
The longer term trend is neutral to down.
Sentiment stayed weak as futures was cheap to cash.
The 21 day moving average is now at 1527.
R1/1556 R2/1562 R3/1570
S1/1548 S2/1540 S3/1536
FKLI bias stays up and a higher close should keep bias intact.
Resistance is now yesterday's high of 1560 and thereafter Jul 2011 high of 1570.
Support is now at 1548, the high of Wednesday and followed by Wed's low of 1540.
The longer term trend is neutral to down.
Sentiment was weak as futures was priced at discount to cash.
The 21 day moving average is now at 1525.
R1/1560 R2/1570 R3/1580
S1/1548 S2/1542 S3/1536
FKLI bias stays up and a higher close should keep bias intact.
Resistance is now at last week's high of 1542 and followed by the psychological 1550.
The 1536 has not turned into support and thereafter the low broken resistance of 1530.
The longer term trend is neutral to down.
Sentiment was neutral as futures was priced fair.
The 21 day moving average is now at 1521.
R1/1542 R2/1550 R3/1570
S1/1536 S2/1530 R3/1522
FKLI bias stays up but it has to close higher to keep bias intact.
Strong resistance remains at 1530, tested yesterday and followed by last week's intraday high of 1536.
Support is at 1522, a prior support level and thereafter 1515.
The longer term trend is neutral to down.
Sentiment was extremely bearish as futures was at wide discount to cash, probably the widest in a while.
The 21 day moving average is now at 1520.
R1/1530 R2/1536 R3/1541
S1/1522 S2/1515 S3/1510
FKLI bias turned up after the strong rebound but it has to close higher to keep bias intact.
Resistance is at the prior low of 1522 and followed by the strong resistance of 1530.
Last Tuesday's low of 1506 is now support and thereafter the psychological 1500.
The longer term trend is neutral to down.
Sentiment is stays weak as futures remains at steep discount to cash.
The 21 day moving average is now at 1520.
R1/1522 R2/1530 R3/1536
S1/1515 S2/1506 S3/1500
