FKLI bias is neutral after no follow though selling yesterday. A higher close should turn bias up.
Resistance remains at Tuesday's low of 1588 and then Tuesday's high of 1593.
Support stays at Monday's low of 1583, where a failed break happened yesterday, and followed by yesterday's low of 1578.
The longer term trend is neutral to down.
Sentiment was marginally weak as futures was at slight discount to cash.
The 21 day moving average is now at 1580.
R1/1588 R2/1593 R3/1596
S1/1583 S2/1578 S3/1570
FKLI bias turned down after the weak close and it has to close below 1583 to keep bias intact.
After 1583, supports are expected at prior resistance of 1578 and then last week's low of 1570.
Resistance is now 1588, the low of Tuesday, and thereafter Tuesday's high of 1593.
The longer term trend is neutral to down.
Sentiment was neutral as futures as priced about fair to cash.
The 21 day moving average is now at 1579.
R1/1588 R2/1593 R3/1596
S1/1583 S2/1578 S3/1570
FKLI bias turned up after the firmer close but it has to close higher to keep bias intact.
Resistance is yesterday's high of 1593 and followed by Mar high of 1596.
Yesterday's low of 1588 has now turned support and thereafter Monday's low of 1583.
The longer term trend is neutral to down.
Sentiment stays positive as futures was priced at slight premium to cash.
The 21 day moving average is now at 1579.
R1/1593 R2/1596 R3/1600
S1/1588 S2/1583 S3/1578
FKLI bias turned down after the weak close but a close above 1585 will restore the upward bias.
Support is now Monday and Tuesday's high of 1578 and followed by week low of 1570.
Resistance remains at yesterday's high of 1592 and thereafter the year's high of 1596.
The longer term trend in neutral to down.
Sentiment is neutral as futures was priced about fair.
The 21 day moving average is now at 1574.
R1/1585 R2/1592 R3/1596
S1/1578 S2/1570 S3/1565
FKLI bias turne up after the strong move and a higher close should keep bias intact.
Resistance is now 1592 and thereafter Mar high of 1596.
The broken resistance of 1585 has now turned support and followed by the prior 3-day high of 1578.
The longer term trend is neutral to down.
Sentiment was upbeat as futures was at premium to cash.
The 21 day moving average is now at 1574.
R1/1592 R2/1596 R3/1600
S1/1585 S2/1578 S3/1574
FKLI bias is neutral after the higher close.
A close above 1578 should turn bias up and the next resistance is last week's high of 1585.
A close belwo 1574 should turn bias down and the next support is monday's low of 1570.
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 1572.
R1/1578 R2/1585 R3/1592
S1/1574 S2/1570 S3/1565
FKLI bias stays down and a lower close shuold keep bias intact.
Support is now yesterday's low of 1570 and followed by the prior important support of 1565.
Yesterday's high of 1578 is now resistance and thereafer last week's high of 1585.
The longer term trend is neutral to down.
Sentiment was weak as futures was price cheap to cash.
The 21 day moving average is now at 1572.
R1/1578 R2/1585 R3/1590
S1/1570 S2/1565 S3/1560
FKLI bias turned down and it has to close below 1574 to keep bias intact.
Further supports are expected at prior resistance of 1570 and then the low of last week at 1562.
Resistance is now at the broken support of 1578 and thereafter the 2-day high of 1585.
The longer term trend is neutral to down.
Sentiment nonetheless stays upbeat as futures was at premium to cash.
The 21 day moving average is now at 1571.
R1/1578 R2/1585 R3/1590
S1/1574 S2/1570 S3/1562
FKLI bias stays up after the higher close but it has to close above 1585 to keep bias intact.
Above 1585, expect resistance at 1592 and then recent high of 1596.
Support is now yesterday's gap of 1578 and followed by the important level of 1574.
The longer term trend is neutral to down.
Sentiment was a touch upbeat as futures was at slight premium to cash.
The 21 day moving average is now at 1570.
R1/1585 R2/1592 R3/1596
S1/1578 S2/1574 S3/1570
FKLI bias stays neutral after another sideways move.
A close above Wednesday's high of 1580 should turn bias up and the next resistance is at 1586.
A close below Wednesday's low of 1574 should turn bias down and the next support is at 1570.
The longer term trend is neutral to down.
Sentiment was neutral as futures was about fair to cash.
The 21 day moving average is now at 1560.
R1/1580 R2/1586 R3/1590
S1/1574 S2/1570 S3/1565
FKLI bias is neutral after the sideways move yesterday.
A close above 1580 will turn bias up and the next resistance is at 1586.
A close below 1573 will turn bias down and the next support is at 1570.
The longer term trend is neutral to down.
Sentiment is neutral as futures is priced about fair.
The 21 day moving average is now at 1565.
R1/1580 R2/1586 R3/1592
S1/1573 S2/1570 S3/1565
FKLI bias stays up and a higher close should keep bias intact.
Resistance is yesterday's high of 1596 and followed by 1600.
Support is expected to come at 1592 with a stronger one at 1587.
The longer term trend is neutral to down.
Sentiment stays upbeat as futures was at premium to cash.
The 21 day moving average is now at 1560.
R1/1596 R2/1600
S1/1592 S2/1587 S3/1582.5
FKLI bias stays up and a higher close should keep bias intact.
Resistance is now 1590, just above last week's high and followed by the psychological 1600.
Support is now Friday's afternoon low of 1582.5 and then 1576, the gap of Friday's morning.
The longer term trend is neutral to down.
Sentiment stayed positive as futures was at premium to cash.
The 21 day moving average is now at 1557.
R1/1590 R1/1600
S1/1582.5 S2/1576 S3/1570
FKLI bias stays up and a higher close should keep bias intact.
Resistance is now yesterday's close of 1575 and followed by 1580.
Yesterday's low of 1570 has now turned support and followed by Monday's high of 1564.5.
The longer term trend is neutral to down.
Sentiment is upbeat as futures is at premium to cash.
The 21 day moving average is now at 1552.
R1/1575 R2/1580 R3/1590
S1/1570 S2/1564.5 S3/1560
FKLI bias stays up and a higher close should keep bias intact.
Resistance is now 1580 and thereafter 1590, both a prior short term high and low.
The previous resistance levels of 1570 and 1564.5 have now turned support.
The longer term trend is neutral to down.
Sentiment was upbeat as futures was at premium to cash.
The 21 day moving average is now at 1550.
R1/1580 R2/1590 R3/1600
S1/1570 S2/1564.5 S3/1560
