FKLI
FKLI Spot Month Futures (PM) - 6 Sep 2024
Fri, 06-Sep-2024 01:48 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1643
Resistance
1646 / 1649 / 1654
Support
1638 / 1633 / 1627
Possible Range
1635 to 1655
Strategy
Long positions may be opened above 1642 with targets at 1646/1649 and stop-loss at 1637
Short positions may be opened below 1642 with targets at 1638/1633 and stop-loss 1647 1660

FKLI Sep month down 8.5 points or 0.52% to closed lower at 1639.5 on midday session. The FBM KLCI ended Friday morning trade lower, mirroring global caution ahead of the key U.S. jobs data release later today, which is set to influence the magnitude of the Federal Reserve’s rate cut.

The FKLI likely to remain trading in downward bias The immediate support and resistance levels are identified at 1638 and 1646 respectively.

(News Source: The Star)

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