FKLI
FKLI Spot Month Futures (PM) - 24 Oct 2024
Thu, 24-Oct-2024 02:12 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1635
Resistance
1635 / 1638 / 1642
Support
1631 / 1627 / 1625
Possible Range
1625 to 1645
Strategy
Long positions may be opened above 1635 with targets at 1638/1642 and stop-loss at 1630
Short positions may be opened below 1635 with targets at 1631/1627 and stop-loss at 1640

FKLI Oct month dropped 10.5 or 0.64 to closed lower at 1631.5 on midday session. The FBM KLCI extended its decline by midday, reflecting the bearish trend observed across the region.

FKLI broke below the previous support at 1635 to 1634 and further lower, the latest price consolidates and hovering at bottom of sideway and new crucial support at 1631, breaking below could see further downside, if supported could see buying opportunity. The immediate support and resistance levels are identified at 1631 and 1635 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
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USD 3.936314 3.967989
EUR 4.615974 4.625491
CNY 0.577616 0.578239
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