FKLI
FKLI Spot Month Futures (PM) - 26 July 2024
Fri, 26-Jul-2024 02:04 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1616
Resistance
1621 / 1625 / 1628
Support
1613 / 1609 / 1607
Possible Range
1610 to 1625
Strategy
Long positions may be opened above 1616 with targets at 1621/1625 and stop-loss at 1611
Short positions may be opened below 1616 with targets at 1613/1609 and stop-loss at 1621

FKLI July month closed flat at midday session at 1614 The FBMKLCI index extended its downtrend on Friday, closing the morning trading session lower. Continued profit-taking activities followed the weaker performance of the US stock market.

The FKLI likely remain in sideway consolidation with downside bias. The immediate support and resistance levels are identified at 1613 and 1621, respectively.

(News Source: The Star)

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