FKLI
FKLI Spot Month Futures (PM) - 30 Sep 2024
Mon, 30-Sep-2024 01:59 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1661
Resistance
1664 / 1667 / 1672
Support
1657 / 1654 / 1651
Possible Range
1655 to 1675
Strategy
Long positions may be opened above 1661 with targets at 1664/1667 and stop-loss at 1656
Short positions may be opened below 1661 with targets at 1657/1654 and stop-loss at 1666

FKLI Sep month dropped 3.5 points or 0.21% to closed lower at 1660 on midday session. The FBMKLCI stayed in negative territory at the lunch break, as investors remained cautious due to ongoing market uncertainties.

The FKLI likely to remain in sideway consolidation with downside bias, breaking below 1654 -1655 could see further lower.  The immediate support and resistance levels are identified at 1657 and 1664 respectively.

(News Source: The Star)

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Market Mover
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