FKLI bias turned up after the strong but it has to close above 1518 to keep bias intact.
Resistance is at 1530, near the high of the week, and followed by 1541.
Support is yesterday's low of 1510 and thereafter the week's low of 1502.
The longer term trend is neutral to down.
Sentiment was neutral as futures was priced at slight premium to cash.
The 21 day moving average is at 1486.
R1/1518 R2/1530 R3/1541
S1/1510 S2/1502 S3/1493
FKLI bias turned down after the weak close but a close back above 1518 resistance level should turn bias back up.
Support is at yesterday's low of 1502 and followed by last week's low of 1493.
Further up, resistance is still the 1530, just below yesterday's high and followed by 1541.
The longer term trend is neutral to down.
Sentiment turned weak after futures was priced at discount to cash.
The 21 day moving average is at 1486.
R1/1518 R2/1530 R3/1541
S1/1502 S2/1493 S3/1480
FKLI bias stays up and a close higher should keep bias intact.
Resistance is still 1530, not too far from the high of Friday and yesterday and followed by 1541.
Support is not the area of 1515-1518, yesterday's morning gap and thereafter 1507.
Sentiment turned up as futures was priced a wide premium to cash.
The longer term trend is neutral to down.
The 21 day moving average is now at 1485.
R1/1530 R2/1541 R3/1558
S1/1515-1518 S2/1507 S3/1493
FKLI bias stays up after the firm close and a higher close should keep bias intact.
Resistance is just above last Friday's high of 1530 and followed by 1541.
The Dec contract high of 1515 is now support and thereafter 1507.
The longer term trend is neutral to down.
Sentiment turned weak after the wide futures discount to cash.
The 21 day moving average is now at 1484.
R1/1530 R2/1541 R3/1558
S1/1515 S2/1507 S3/1493
FKLI bias stays up but it has to close above 1505 to keep bias intact.
Resistance is still at 1513, the high of Dec and followed by the gap of 1530.
Support is still at 1493 and thereafter 22 Dec low of 1480.
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 1478.
R1/1505 R2/1513 R3/1530
S1/1493 S2/1480 S3/1467
FKLI bias stays up but it has to close above 1505 to keep bias intact.
If 1505 is broken, next support is at early Dec high of 1513 and followed by the gap of 1530.
Support is at yesterday's low of 1493 and thereafter 1480.
The longer term trend is neutral to down.
Sentiment is upbeat as futures was at slight premium to cash.
The 21-day moving average is at 1475.
R1/1505 R2/1513 R3/1530
S1/1493 S2/1480 S3/1467
FKLI bias stays up and a higher close should keep bias intact.
Resistance is now 1490, the high of afternoon session and followed by 1505.
Monday's high of 1480 is has now turned support and thereafter Tuesday's close of 1470.
The longer term trend is down.
Sentiment is neutral as futures as priced about fair.
The 21 day moving average is now at 1465.
R1/1490 R2/1505 R3/1513
S1/1480 S2/1470 S3/1460
