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

FKLI
Pivot
1628
Resistance
1628 / 1632 / 1634
Support
1625 / 1621 / 1616
Possible Range
1620 to 1640
Strategy
Long positions may be opened above 1628 with targets at 1632/1634 and stop-loss at 1623
Short positions may be opened below 1628 with targets at 1625/1621 and stop-loss at 1633

FKLI Oct month dropped 6.5 or 0.40% to closed lower at 1625.5 on midday session. The FBM KLCI opened with positive momentum, but by midday, the market had reversed course, erasing its earlier gains.


FKLI broke below the 1631 to 1630 to go further lower, current price traded at another range of crucial support 1625 to 1626, if price break below we might see further lower for technical correction. Alternatively, the price could support at this range and provide buying opportunity. The immediate support and resistance levels are identified at 1625 and 1628 respectively.
 

(News Source: The Star)

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