FKLI
FKLI Spot Month Futures (PM) - 9 August 2024
Fri, 09-Aug-2024 01:48 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1593
Resistance
1597 / 1601 / 1604
Support
1589 / 1586 / 1582
Possible Range
1585 to 1605
Strategy
Long positions may be opened above 1592 with targets at 1597/1601 and stop-loss at 1587
Short positions may be opened below 1592 with targets at 1589/1586 and stop-loss at 1597

FKLI Aug month rose 11 points or 0.70% to closed higher at 1593.5 on midday session. The FBMKLCI index remained strong at midday, supported by continued buying of heavyweight stocks and mirroring the performance of its regional peers.

The FKLI likely to remain in sideway consolidation with upside bias, but watch out if there is any sentiment changes. The immediate support and resistance levels are identified at 1589 and 1597, 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