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
No comments:
Post a Comment