FKLI
FKLI Spot Month Futures (PM) - 24 July 2024
Wed, 24-Jul-2024 02:09 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1626
Resistance
1625 / 1627 / 1630
Support
1622 / 1619 / 1616
Possible Range
1619 to 1635
Strategy
Long positions may be opened above 1625 with targets at 1627/1630 and stop-loss at 1620
Short positions may be opened below 1625 with targets at 1622/1619 and stop-loss at 1630

FKLI July month dropped 10.5 points 0.64% at 1623 closed lower at midday. Investors on Bursa Malaysia reverted to a selling mood after a brief respite in the previous session, as the factors that had been driving up equity prices had run their course.

The FKLI likely remain in sideway consolidation with downside bias. The immediate support and resistance levels are identified at 1622 and 1625, 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