FKLI
FKLI Spot Month Futures (PM) - 9 Oct 2024
Wed, 09-Oct-2024 02:02 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1638
Resistance
1641 / 1645 / 1649
Support
1635 / 1632 / 1629
Possible Range
1630 to 1650
Strategy
Long positions may be opened above 1638 with targets at 1641/1645 and stop-loss at 1633
Short positions may be opened below 1638 with targets at 1635/1632 and stop-loss at 1643

FKLI Oct month rose 4 points or 0.25% to closed higher at 1636 on midday session. The FBMKLCI rose on Wednesday as global equities overcame the negative sentiment stemming from recent developments in the Middle East.

FKLI remain in sideway consolidation and with upside bias, breaking above 1639 to 1640 could see further higher, trader to beware of any sentiment changes. The immediate support and resistance levels are identified at 1635 and 1641 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.936314 3.967989
EUR 4.615974 4.625491
CNY 0.577616 0.578239
HKD 0.502266 0.506322
SGD 3.083269 3.108163