FKLI
FKLI Spot Month Futures (PM) - 11 Nov 2024
Mon, 11-Nov-2024 01:32 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1615
Resistance
1615 / 1619 / 1624
Support
1608 / 1604 / 1600
Possible Range
1605 to 1625
Strategy
Long positions may be opened above 1614 with targets at 1619/1624 and stop-loss at 1609
Short positions may be opened below 1614 with targets at 1608/1604 and stop-loss at 1619

FKLI Nov month dropped 12.5 points or 0.77% to closed lower at 1609 on midday session. The FBM KLCI opened positively but encountered profit-taking by midday, reaching a low for the morning as investors adopted a more cautious stance.

The FKLI break below the crucial support range at 1622 to 1619 and trade further lower after a sideway consolidation, the price reaches it new support range at 1607 to 1609, here is the correction and support point from recent upside from 1591.5 to 1637.5. The market could likely trade in sell on rebound mode, beware of any sentiment change or rebound. The immediate support and resistance levels are identified at 1608 and 1615 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