FKLI
FKLI Spot Month Futures (PM) - 15 July 2024
Mon, 15-Jul-2024 01:43 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1630
Resistance
1635 / 1637 / 1640
Support
1629 / 1626 / 1624
Possible Range
1620 to 1640
Strategy
Long positions may be opened above 1633 with targets at 1635/1637 and stop-loss at 1628
Short positions may be opened below 1633 with targets at 1629/1626 and stop-loss at 1638

FKLI July month rose 6.5 points or 0.40% at 1632 closed higher at midday. The FBM KLCI rose in the early session, driven by increased risk appetite for equities in anticipation of a widely expected US rate cut in September.

The domestic market aligned with most Asian markets, which remained firm on Monday despite disappointing economic growth figures from China and heightened volatility following an attack on US presidential candidate Donald Trump over the weekend.

The FKLI likely to remain in bullish momentum, however, beware of any profit taking activities. The immediate support and resistance levels are identified at 1629 and 1635, respectively.

(News Source: The Star)

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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