FKLI
FKLI Spot Month Futures - 1 July 2024
Mon, 01-Jul-2024 08:30 am
by Dealing Team • Apex Futures

FKLI
Pivot
1592
Resistance
1597 / 1602 / 1605
Support
1589 / 1586 / 1580
Possible Range
1580 to 1610
Strategy
Long positions may be opened above 1593 with targets at 1597/1602 and stop-loss at 1588
Short positions may be opened below 1593 with targets at 1589/1586 and stop-loss at 1598

FKLI July month rose 14.5 or 0.92% to close higher at 1596.5. The FBM KLCI closed at its highest point of the day on Friday, mirroring the performance of other regional indices.

Overnight Dow Jones dropped 45 points to 39118. U.S. stocks finished lower on Friday following an initial rally that faltered as investors processed inflation data in line with expectations and considered political uncertainty after the U.S. presidential debate.

Tracking the negative performance of US market, the FKLI is likely to remain trading in a range with downside bias. The immediate support and resistance levels are identified at 1589 and 1597, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186344 4.224837
EUR 4.692802 4.707788
CNY 0.594564 0.595974
HKD 0.537155 0.542118
SGD 3.243708 3.273864