FKLI
FKLI Spot Month Futures (PM) - 30 Aug 2024
Fri, 30-Aug-2024 02:04 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1642
Resistance
1650 / 1654 / 1659
Support
1639 / 1635 / 1631
Possible Range
1640 to 1660
Strategy
Long positions may be opened above 1645 with targets at 1650/1654 and stop-loss at 1640
Short positions may be opened below 1645 with targets at 1639/1635 and stop-loss at 1650

FKLI Sep month rose 7 points or 0.43% to closed higher at 1645 on midday session. The FBM KLCI regained some of the previous day's losses after the release of a U.S. economic forecast that indicated faster-than-expected growth.
 
The FKLI likely to remain consolidation in sideway with upside bias, breaking 1648 -1650 could see further upside. The immediate support and resistance levels are identified at 1639 and 1650 respectively.

(News Source: The Star)

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