FKLI
FKLI Spot Month Futures - 10 Sep 2024
Tue, 10-Sep-2024 08:20 am
by Dealing Team • Apex Futures

FKLI
Pivot
1641
Resistance
1645 / 1652 / 1657
Support
1638 / 1635 / 1630
Possible Range
1635 to 1655
Strategy
Long positions may be opened above 1641 with targets at 1645/1652 and stop-loss at 1636
Short positions may be opened below 1641 with targets at 1638/1635 and stop-loss at 1646

FKLI Sep month rose 1.5 points or 0.09% to close higher at 1637. The FBM KLCI index fell at the close on Monday, driven by reduced investor interest due to worries about developments in the United States and uncertainty over the extent of potential US interest rate cuts.

Overnight Dow Jones rose 484 points to 40829. U.S. stocks surged on Monday, with all major indexes rising over 1%. The S&P 500 and Dow ended a four-session losing streak, while the Nasdaq rebounded from its largest weekly decline since January 2022. The dollar also strengthened as investors awaited key data and central bank decisions.

The FKLI likely to remain in upside bias trading, beware of any profit taking activities. The immediate support and resistance levels are identified at 1638 and 1645, respectively.

(News Source: The Star; Reuters)

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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
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