FKLI
FKLI Spot Month Futures (PM) - 5 August 2024
Mon, 05-Aug-2024 01:54 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1581
Resistance
1581 / 1585 / 1590
Support
1563 / 1557 / 1551
Possible Range
1550 to 1580
Strategy
Long positions may be opened above 1570 with targets at 1563/1557 and stop-loss at 1565
Short positions may be opened below 1570 with targets at 1581/1585 and stop-loss at 1575

FKLI Aug month dropped 49 points or 3.03% to closed lower at 1570 on midday session. The domestic market plunged on Monday, following the ongoing sell-off on Wall Street, driven by concerns that the Federal Reserve may have delayed interest rate cuts for too long.

The FKLI likely to remain in downward trending, with the immediate support and resistance levels are identified at 1563 and 1681, 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