FKLI
FKLI Spot Month Futures (PM) - 15 August 2024
Thu, 15-Aug-2024 01:44 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1614
Resistance
1618 / 1623 / 1628
Support
1608 / 1603 / 1599
Possible Range
1600 to 1625
Strategy
Long positions may be opened above 1615 with targets at 1618/1623 and stop-loss at 1610
Short positions may be opened below 1615 with targets at 1608/1603 and stop-loss at 1620

FKLI Aug month down 4 point or 0.25% to closed lower at 1613 on midday session. The FBM KLCI fell into negative territory during the early session, despite an improvement in regional sentiment spurred by cooler inflation data from the US, which reinforced expectations of rate cuts in September. 

The FKLI likely to remain in sideway consolidation with downside bias, however the index could supported above 1600 level. The immediate support and resistance levels are identified at 1608 and 1618, respectively.

(News Source: The Star)

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