FKLI
FKLI Spot Month Futures (PM) - 25 Sep 2024
Wed, 25-Sep-2024 01:56 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1668
Resistance
1671 / 1675 / 1681
Support
1663 / 1659 / 1654
Possible Range
1655 to 1675
Strategy
Long positions may be opened above 1667 with targets at 1671/1675 and stop-loss at 1662
Short positions may be opened below 1667 with targets at 1663/1659 and stop-loss at 1672

FKLI Sep month dropped 1 point or 0.06% to closed slightly lower at 1666.5 on midday session. The FBM KLCI, which had been gradually losing its early gains throughout the morning on Wednesday, slipped into negative territory by the lunch break, dampening investors' hopes for a continued China-driven rally.

The FKLI likely to remain in upward channel trading but downside bias, if breaking below 1664 to 1663 range could see further lower. The immediate support and resistance levels are identified at 1663 and 1671 respectively.

(News Source: The Star)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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