FKLI bias turned up after the close above the weeklong 1565 resistance level, but price has to close higher, preferably above 1570 to keep bias intact.
Above the 1570 resistance, the low of two weeks back, selling may come at 1580 and 1586.
The 1565 level, near Friday's low, have now turned support, and expect buying at previous lows of the area of 1560-57 and 1552.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was mildly positive as futures was priced at slight premium to cash.
The 21 day moving average is now at 1576.
R1/1570 R2/1580 R3/1586
S1/1565 S2/1560-57 S3/1552-50
FKLI bias stays neutral after another failure to close above 1565, but again bias will turn up on close above it.
Resistance is still 1570, the low of last week, and thereafter 1580 and 1586, both a prior supports.
Expect support at the area of 1560-57, where price found support yesterday and then another area of 1552-1550, a previous low and also a psychological level.
The longer term is up but price has to close above 1580 to confirm it.
Sentiment turned weak after another failure to break resistance, but it should return if price closes above 1565 today.
The 21 day moving average is now at 1576.
R1/1570 R2/1580 R3/1586
S1/1560-57 S2/1552-50 S3/1545
FKLI bias stays neutral after it failed to close above 1565. But bias should turn up on close above it.
Resistance remains at 1570, last week's low, and then 1580, the high of Friday.
Support is now the area of 1562-60, the low of yesterday, and then 1557, Tuesday's afternoon high. Strong support at psychological 1550.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed bouyant, for second day running, as futures was priced at premium to cash. If it is to influence price, FKLI should close above 1565 today.
The 21 day moving average is now at 1576.
R1/1565 R2/1570 R3/1580
S1/1562-60 S2/1557 S3/1550
FKLI bias is now neutral with hint of upward bias from following the afternoon rebound. Price has to close above 1565 to turn bias up.
Further resistance is expected at 1570, a prior gap and last week's low, and then 1580.
Expect support at 1557, also a prior gap and yesterday's early afternoon high, and then the area of 1552-1550.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was bouyant as futures was priced at premium to cash
The 21 day moving average is now at 1576.
R1/1565 R2/1570 R3/1580
S1/1557 S2/1552-50 S3/1545
FKLI bias turned down after the failure of supportive candles of last week but price has to close below 1560 to keep bias intact.
Below 1560 (also a Fib level), expect support at 1556, morning gap of 21 June, and then the area of 1552-1550, the 4 week low.
The 1570 level now turned resistance followed by 1580 and 1586.
The longer term trend is up but price has to get back above 1580 to confirm it.
Sentiment is weak as futures was priced cheap to cash.
The 21 day moving average is now at 1575.
R1/1570 R2/1580 R3/1586
S1/1560 S2/1556 S3/1552-50
FKLI bias turned up after closing above morning low and it has to close above 1580 to keep bias intact.
Resistance is still at 1586, a prior gap, and then 1590. Stronger selling should come at psychological 1600.
Support is still 1575, which saw a false breakout last Friday, and then last week's low of 1570.
The longer term trend is up but price has to close above 1580 this Friday to keep view intact.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1575.
R1/1586 R2/1590 R3/1600
S1/1575 S2/1570 S3/1560
FKLI bias is neutral after an inside day trade yesterday, but bias will turn up should price close back above 1580.
Resistance is still at 1586, a covered gap, and 1590. Strong selling is expected at psychological 1600.
Expect support at 1575, Wednesday's low and then 1570, not too far from early week low.
The longer term trend is up but price has to close above 1580 today to confirm it.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1574.
R1/1580 R2/1586 R3/1590
S1/1575 S2/1570 S3/1560
