FKLI bias stays down after failing to close above 1550 and price has to close below 1545 support, also last week's low, to keep bias intact.
Below that, expect support at 1540, near yesterday's low, and then 1535, the low of June.
The psychological 1550 has now turned resistance followed by 1555, the low of early week.
The longer term trend is up but price has to close back above 1580 to confirm it.
Sentiment stayed weak despite the 'hammer' in cash, as futures was priced cheap.
The 21 day moving average is now at 1572.
R1/1550 R2/1555 R3/1562-65
S1/1545 S2/1540 S3/1535
FKLI bias turned down and price has to close below 1550 to keep bias intact.
Below the psychological 1550, expect support at last weeks low of 1545 and then Jun low of 1535.
Resistance is still at 1565 and the the low of two week's back 1570.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed downcast as futures was priced at discount to cash.
The 21 day moving average is now at 1574.
R1/1562-65 R2/1570 R3/1580
S1/1552-1550 S2/1545 S3/1535
FKLI bias is nuetral failing to close below 1557, but bias should turn back down on close below it.
Below 1557, support may come at around the psychological level 1550 and then last week's low of 1545.
Resistance is still 1565, which put a cap on price yesterday, and then 1570 and 1580. A close above 1565 should turn bias up.
The longer term is still up but price has to close above 1580 to confirm it.
Sentiment turned weak as futures was priced at discount to cash.
The 21 day moving average is now at 1575.
R1/1565 R2/1570 R3/1580
S1/1557 S2/1552-50 S3/1545
FKLI bias turned down after closing below 1565 but price has to close below 1557 support level to keep bias intact.
Expect support around the psychological 1550 level and a stronger one at 1545, last week's low and also a support level in mid June.
The 1565 has now turned resistance and followed by 1570, low of 2 weeks ago, and 1580.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was weak as futures was priced at discount to cash.
The 21 day moving average is now at 1575.
R1/1565 R2/1570 R3/1580
S1/1552-50 S2/1545 S3/1535
FKLI bias turned up after the close above the weeklong 1565 resistance level, but price has to close higher, preferably above 1570 to keep bias intact.
Above the 1570 resistance, the low of two weeks back, selling may come at 1580 and 1586.
The 1565 level, near Friday's low, have now turned support, and expect buying at previous lows of the area of 1560-57 and 1552.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was mildly positive as futures was priced at slight premium to cash.
The 21 day moving average is now at 1576.
R1/1570 R2/1580 R3/1586
S1/1565 S2/1560-57 S3/1552-50
FKLI bias stays neutral after another failure to close above 1565, but again bias will turn up on close above it.
Resistance is still 1570, the low of last week, and thereafter 1580 and 1586, both a prior supports.
Expect support at the area of 1560-57, where price found support yesterday and then another area of 1552-1550, a previous low and also a psychological level.
The longer term is up but price has to close above 1580 to confirm it.
Sentiment turned weak after another failure to break resistance, but it should return if price closes above 1565 today.
The 21 day moving average is now at 1576.
R1/1570 R2/1580 R3/1586
S1/1560-57 S2/1552-50 S3/1545
FKLI bias stays neutral after it failed to close above 1565. But bias should turn up on close above it.
Resistance remains at 1570, last week's low, and then 1580, the high of Friday.
Support is now the area of 1562-60, the low of yesterday, and then 1557, Tuesday's afternoon high. Strong support at psychological 1550.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed bouyant, for second day running, as futures was priced at premium to cash. If it is to influence price, FKLI should close above 1565 today.
The 21 day moving average is now at 1576.
R1/1565 R2/1570 R3/1580
S1/1562-60 S2/1557 S3/1550
