FKLI
FKLI Spot Month Futures (PM) - 19 Sep 2024
Thu, 19-Sep-2024 01:44 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1659
Resistance
1664 / 1668 / 1673
Support
1656 / 1651 / 1647
Possible Range
1645 to 1665
Strategy
Long positions may be opened above 1659 with targets at 1664/1668 and stop-loss at 1654
Short positions may be opened below 1659 with targets at 1656/1651 and stop-loss at 1664

FKLI Sep month rose 1 point or 0.06% to closed slightly higher at 1661 on midday session. Malaysia's stock benchmark ended a turbulent morning session with a modest increase, reflecting uncertainty about the US economic outlook. However, supported by rising US futures and positive trends in Asian markets.

The FKLI likely to remain in sideway consolidation in the shorter time frame, beware of any sentiment changes. The immediate support and resistance levels are identified at 1656 and 1664 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.939538 3.966364
EUR 4.621065 4.624861
CNY 0.577624 0.578108
HKD 0.502626 0.506063
SGD 3.082334 3.103499