FKLI bias stays down after a lower close but it has to close lower to keep bias intact.
Support still lies at Aug low of 1428 and thereafter the psychological 1400.
The late Aug low of 1438 has now turned resistance, which kept price low yesterday afternoon and then 1447, near the high of the past 2 days.
The longer term trend is neutral to down.
Sentiment stays weak as futures discount remains, though the spread narrowed.
The 21 day moving average is now at 1465.
R1/1438 R2/1447 R3/1458
S1/1428 S2/1400 S3/1392
FKLI bias stays down but it has to close below 1434 to keep bias intact.
Support is now Aug intraday low of 1428 and thereafter the psychological 1400.
Resistance is still at 1447, which kept price low yesterday, and thereafter 1458 and 1465.
The longer term trend is neutral to down.
Sentiment stayed weak as futures discount widened.
The 21 day moving average is now at 1467.
R1/1447 R2/1458 R3/1465
S1/1428 S2/1400 S3/1392
FKLI bias stays down after closing at low and it has close lower to keep bias intact.
Support now lies at Aug intraday low of 1427 and then the psychological 1400.
The 1447 support has now turned into resistance and followed by the top of yesterday's gap of 1458.
The longer term trend is neutral to down.
Sentiment stayed weak as futures was at deep discount to cash.
The 21 day moving average is now at 1473.
R1/1447 R2/1458 R3/1465
S1/1427 S2/1400 S3/1392
FKLI bias turned after a lower close and it has to close below 1458 to keep bias intact.
Below 1458, the next support is 1447, the last week's low and thereafter 1438, the low of three weeks ago.
Resistance is still 1465, which held strong last week and thereafter the gap of 1490.
The longer term trend is neutral to down.
Sentiment stayed weak as futures was priced at discount to cash.
The 21 day moving average is now at 1471.
R1/1465 R2/1490 R3/1500
S1/1458 S2/1447 S3/1438
FKLI bias stays up after a higher close but it needs to close abvoe 1465 today to keep bias intact.
Above 1465, resistance is still at 1490 and psychological 1500.
Support stays at 1447 and the the low of two week back 1438.
The longer term trend is neutral to down.
Sentiment stays weak as futures was at discount to cash.
The 21 day moving average is now at 1471.
R1/1465 R2/1490 R3/1500
S1/1447 S2/1438 R3/1428
FKLI bias turned up after closing above morning high and a close above 1465 should keep bias intact.
Above 1465, next resistance is at 1490 and psychological 1500.
Support is still week's low of 1447 and then the low of two weeks back 1438.
The longer term trend is neutral to down.
Sentiment is still weak as futures was price cheap.
The 21 day moving average is now at 1487.
R1/1465 R2/1490 R3/1500
S1/1447 S2/1438 S3/1428
FKLI bias stays down as price closed near day low.
Support is now yesterday’s low of 1447 followed by 1438. Stronger support is at Aug low of 1427.
Resistance is still at 1465, near high of last Friday. Further resistance is at 1490 and psychological 1500.
The longer term trend is neutral to down.
Sentiment stays weak as futures was priced as discount to cash.
The 21 day moving average is now at 1478.
R1/1465 R2/1490 R3/1500
S1/1447 S2/1438 S3/1427
