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
No comments:
Post a Comment