FKLI bias turned down after the weak close but it has to close below 1500 to keep bias intact.
Further support is at 1490 and followed by 1480, both were an important level before.
Resistance is now 1510 and followed by 1515.
The longer term trend is neutral to down.
Sentiment was weak as futures was priced at steep discount to cash.
The 21 day moving average is now at 1519.
R1/1510 R2/1515 R3/1523
S1/1500 S2/1490 S3/1480
FKLI bias is mildly weak after the weak close Friday.
However, a close back above 1523 should restore the upward bias. Further support is at 1515.
Strong resistance remains at 1530, and followed by last week's intraday high of 1536.50.
The longer term trend is neutral to down.
The 21 day moving average is now at 1519.
R1/1530 R3/1536.5 R3/1541
S1/1523 S2/1515 S3/1510
FKLI bias is neutral after the lower close yesterday.
A higher close today should turn bias up and resistance is still expected at 1530 and then the week intraday high of 1536.
Support remains at 1532, not far from yesterday's low, and followed by 1515, the low of last Friday.
The longer term trend is neutral to down.
Sentiment was neutral as futures was price about fair.
The 21 day moving average is now at 1518.
R1/1530 R2/1536 R3/1541
S1/1532 S2/1515 S3/1510
FKLI bias stays up and a higher close should keep bias intact.
Resistance remains at 1530, tested several times in the past 2 weeks and followed by 1541.
Support is 1523, a prior low, and thereafter 1515, the low of last Friday.
The longer term trend is neutral to down.
Sentiment stayed upbeat as futures was priced at slight premium to cash.
The 21 day moving average is now at 1515.
R1/1530 R2/1541 R3/1558
S1/1523 S2/1515 S3/1510
FKLI bias turned up after the higher close but it has to close above 1523.50 to keep bias intact.
If broken, next resistance is 1532.50, tested several times last week, and thereafter 1541.
Support is still 1515, the gap of Wednesday and followed by 1510.
The longer term trend is neutral to down.
Sentiment is upbeat as futures was price at significant premium to cash.
The 21 day moving average is now at 1512.
R1/1523 R2/1532 R3/1541
S1/1515 S2/1510 S3/1502
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
