FKLI
FKLI Spot Month Futures (PM) - 18 Sep 2024
Wed, 18-Sep-2024 02:15 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1659
Resistance
1663 / 1667 / 1670
Support
1655 / 1651 / 1647
Possible Range
1645 to 1665
Strategy
Long positions may be opened above 1659 with targets at 1663/1667 and stop-loss at 1654
Short positions may be opened below 1659 with targets at 1655/1651 and stop-loss at 1664

FKLI Sep month rose 14 points or 0.85% to closed higher at 1661.5 on midday session. The FBM KLCI retreated in the early session on profit-taking ahead of the US Federal Reserve's meeting later this week.

The FKLI likely to remain in downward channel consolidation, beware of any sentiment change. The immediate support and resistance levels are identified at 1655 and 1663 respectively.

(News Source: The Star)

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