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
