FKLI bias turned up and a close above 1593 should keep bias intact.
Again, expect resistance at psychological 1600 and every 10 points after.
The 1586 level, Friday's low and also a prior gap, has now turned support, and then the still uncovered gap of 1580.
The longer term trend is up.
Sentiment however was somewhat weak after futures was priced cheap to cash. If sentiment is to go by, the 1586 is the level to watch.
The 21 day moving average is now at 1568.
R1/1600 R2/1610
S1/1586 S2/1580 S3/1570
FKLI bias turned up but price has to close above 1590 to keep bias intact.
Expect resistance at 1594, level that put a lid on price twice this week, and then the psychological 1600.
The 1586 level has now turned support and then the uncovered gaps of 1580 and 1570.
The longer term trend is up.
Sentiment was somewhat weak, the first time in almost 10 days, as it was priced cheap.
The 21 day moving average is now at 1564.
R1/1594 R2/1600
S1/1586 S2/1580 S3/1570
FKLI bias stays neutral, a lower close is weak but still supportive as it was above morning high. Similarly, it is just above the 3-week long uptrend.
Nonetheless, price has to close above 1586 resistance level to turn bias back up. Further resistance is at 1590 and then the psychological 1600.
Support is still the prior high of 1580, and then another gap of 1570.
The longer term trend is up but price has to stay above 1580 to keep it intact.
Sentiment stayed positive as futures was priced at premium to cash. Again, price has to close above 1586 if the sentiment is to translate into a move.
The 21 day moving average is now at 1562.
R1/1586 R2/1590 R3/1600
S1/1580 S2/1570 S3/1560
FKLI bias is neutral after the unchanged close but nonetheless under pressure as it was below morning low.
Another close below Monday's gap of 1586 will turn bias down.
Again, pyschological 1600 should come as resistance with minor selling expected at 1590, just as it did yesterday.
Support stays at Friday's gap of 1580 and then another gap of 1570.
The longer term trend is up but price has to stay above 1580 to keep trend intact.
Sentiment nevertheless stayed positive as futures was priced rich to cash.
The 21 day moving average is now at 1561.
R1/1586 R2/1590 R3/1600
S1/1580 S2/1570 S3/1565
FKLI bias stays up and price has to close above 1585 to keep bias intact.
Resistance is still expected at 1600 psychological level. Minor selling may come at 1590.
Expect support at prior high of 1580, also gap of Friday, and then the mid week gap of 1570.
The longer term trend is up.
Sentiment stayed upbeat as futures was priced at premium to cash, more than a week now.
The 21 day moving average is now at 1560.
R1/1590 R2/1600 R3/1610
S1/1580 S2/1570 S3/1565
FKLI bias stays up after closing at all time high but price has to close above 1580 to keep bias intact.
Thereafter, expect resistance at 1600 psychological level. Minor resistance may come at 1590.
Support is still Wednesday gap of 1570 and thenday lows of 1565 and 1560.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed positive as futures was at premium to cash.
The 21 day moving average is now at 1558.
R1/1580 R2/1590 R3/1600
S1/1570 S2/1565 S3/1560
FKLI bias stays up and price has to close above 1576 to keep bias intact.
Resistance is still the all time high 1580 and thereafter psychological 1600.
Expect support at 1570, the low of yesterday's gap, and the 1565, low of Tuesday.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed upbeat as again futures was priced rich to cash.
The 21 day moving average is now at 1557.
R1/1580 R2/1590 R3/1600
S1/1570 S2/1565 S3/1560
