FKLI
FKLI Spot Month Futures (PM) - 14 August 2024
Wed, 14-Aug-2024 01:48 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1612
Resistance
1618 / 1625 / 1630
Support
1607 / 1602 / 1597
Possible Range
1600 to 1625
Strategy
Long positions may be opened above 1612 with targets at 1618/1625 and stop-loss at 1607
Short positions may be opened below 1612 with targets at 1607/1602 and stop-loss at 1617

FKLI Aug month closed unchanged at 1611 on midday session. The FBMKLCI ended the early session slightly lower as investors grew cautious ahead of corporate results scheduled for release later this month.

The FKLI likely to remain in sideway consolidation, supported above 1607 and 1608 could potently trigger buying. The immediate support and resistance levels are identified at 1607 and 1618, respectively.

(News Source: The Star)

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