FKLI
FKLI Spot Month Futures - 25 July 2024
Thu, 25-Jul-2024 08:28 am
Apex Futures

FKLI
Pivot
1621
Resistance
1623 / 1627 / 1632
Support
1616 / 1612 / 1608
Possible Range
1610 to 1628
Strategy
Long positions may be opened above 1622 with targets at 1627/1632 and stop-loss at 1617
Short positions may be opened below 1622 with targets at 1616/1612 and stop-loss at 1627

FKLI July month dropped 10 points or 0.61% to close lower at 1623.5. The FBM KLCI closed lower on Wednesday due to cautious sentiment affecting buying patterns, mirroring the performance of its regional counterparts.

Overnight Dow Jones slump 504 points to 39,853. The Dow closed below 40,000 for the first time in two weeks, S&P 500 and Nasdaq closed at their lowest levels in several weeks. The S&P 500 broke a streak of avoiding daily declines exceeding 2%, as disappointing earnings from Alphabet and Tesla eroded investor confidence in large-cap stocks.

Tracking the bearish performance of US performance, the FKLI could continue to trade lower. The immediate support and resistance levels are identified at 1616 and 1623, 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