FKLI bias turned up after the positive close but it needs to close above 1570 resistance to keep bias intact.
After 1570, resistance should come at all time high of 1580 and thereafter psychological 1600.
Support is now 1565, the low of yesterday, and then 1560, also a prior low.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed positive as futures was price at premium to cash, the third day running now.
The 21 day moving average is now at 1556.
R1/1570 R2/1580 R3/1600
S1/1565 S2/1560 S3/1552
FKLI bias is neutral, the lower close is weak but nonetheless price managed to close above 1564 support level.
Expect support at 1552, the low of last week, and thereafter the important level of 1545.
Resistance may come at 1570, the high of last week, and then the all time high of 1580.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed positive as futures was priced rich to cash.
The 21 day moving average is now at 1555.
R1/1570 R2/1580 R3/1600
S1/1560 S2/1552 S3/1545
FKLI bias turned up after closing above 1564 and price has to close above 1570 resistance level to keep bias intact.
After 1570, sellers may come at all time high of 1580 and thereafter psychological 1600.
The 1564 level has now turned support. Expect buying at 1560 and then week's low of 1552.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment turned upbeat as futures was at premium to cash.
The 21 day moving average is now at 1555.
R1/1570 R2/1580 R3/1600
S1/1564-60 S2/1552 S3/1545
FKLI bias stays down but price has to close below 1560 to keep bias intact.
Again, expect support at yesterday's low of 1560 and thereafter week's low of 1552.
Resistance is still 1564 and bias should turn up on close above it. The next resistance is at 1570, near week high.
The longer term trend is up but price has to close above 1580 to confrim it.
Sentiment is neutral as futures was priced about fair to cash.
The 21 day moving average is now at 1553.
R1/1564 R2/1570 R3/1580
S1/1560 S2/1552 S3/1545
FKLI bias turned down after closing below morning low but price has to close below 1563 to keep bias intact.
A close above 1564 will turn the bias up again. Expect resistance at all time high of 1580. Minor resistance may come at 1570, near yesterday's high.
Support may come at 1560 and thereafter 1552, Monday's low. Further support below at 1545.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment turned weak as futures was priced cheap to cash.
The 21 day moving average is now at 1552.
R1/1564 R2/1570 R3/1580
S1/1560 S2/1552 S3/1545
FKLI bias stays up but price has to close above 1564 to keep bias intact.
The all time high of 1580 will now turn resistance, with possible minor selling at 1570.
Support is still the area of 1560-64 and then Monday's low of 1552.
The longer term trend is up but price has to close above 1580 to keep bias intact.
Sentiment turned bullish after futures was priced at premium to cash.
The 21 day moving average is now at 1550.
R1/1570 R2/1580
S1/1564-60 S2/1552 S3/1545
FKLI bias stays up after a higher close but it has to close above 1555 to keep bias intact.
Again, multiple resistances are expected at area of 1560-64. Further up, expect selling at all time high of 1580.
The 1552 level, yesterday's low, has now turned support. Expect further support at 1545 and then last week's low of 1536.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was again at discount to cash.
The 21 day moving average is now at 1548.
R1/1560-64 R2/1570 R3/1580
S1/1552 S2/1545 S3/1536-33
