FKLI
FKLI Spot Month Futures (PM) - 27 Sep 2024
Fri, 27-Sep-2024 02:04 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1665
Resistance
1668 / 1671 / 1675
Support
1660 / 1656 / 1654
Possible Range
1655 to 1675
Strategy
Long positions may be opened above 1664 with targets at 1668/1671 and stop-loss at 1659
Short positions may be opened below 1664 with targets at 1660/1656 and stop-loss at 1669

FKLI Sep month dropped 9 points or 0.54% to closed lower at 1661.5 on midday session. Selling pressure on Bursa Malaysia escalated on Friday as investors chose to lock in profits, amid a lack of fresh catalysts to propel the market.

The FKLI likely to remain in sideway consolidation in downside bias, breaking below 1660 could see further lower. The immediate support and resistance levels are identified at 1660 and 1668 respectively.

(News Source: Business Today)

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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