FKLI
FKLI Spot Month Futures (PM) - 29 July 2024
Mon, 29-Jul-2024 02:08 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1624
Resistance
1628 / 1631 / 1633
Support
1622 / 1619 / 1616
Possible Range
1615 to 1630
Strategy
Long positions may be opened above 1624 with targets at 1628/1631 and stop-loss at 1619
Short positions may be opened below 1624 with targets at 1622/1619 and stop-loss at 1625

FKLI July month rose 12.5 or 0.77% to closed higher at 1626 on midday session. The FBM KLCI surged on Monday as the market  responded positively to the latest indications of slowing inflation in the US and anticipated dovish comments from the Federal Reserve later this week.

The FKLI likely remain in sideway consolidation with upside bias. The immediate support and resistance levels are identified at 1622 and 1628, respectively

(News Source: The Star)

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Market Mover
Settlement Rates
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EUR 4.692802 4.707788
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