FKLI
FKLI Spot Month Futures (PM) - 7 Nov 2024
Thu, 07-Nov-2024 02:15 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1628
Resistance
1622 / 1617 / 1610
Support
1628 / 1633 / 1640
Possible Range
1620 to 1640
Strategy
Long positions may be opened above 1622 with targets at 1628/1633 and stop-loss at 1617
Short positions may be opened below 1622 with targets at 1617/1610 and stop-loss at 1627

FKLI Nov month dropped 14.5 points or 0.89% to closed lower at 1622 on midday session. The FBM KLCI started the day on a positive note but retreated by midday due to profit-taking activities. Meanwhile, regional markets showed mixed performances as investors weighed the possible effects of a Donald Trump presidency on global markets and trade policies.

With the immediate support range see at 1622 to 1619, supported above could provide buying opportunity, otherwise it could remain in selling momentum. The immediate support and resistance levels are identified at 1622 and 1628 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