FKLI
FKLI Spot Month Futures (PM) - 13 Nov 2024
Wed, 13-Nov-2024 01:35 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1608
Resistance
1612 / 1616 / 1620
Support
1608 / 1604 / 1600
Possible Range
1605 to 1625
Strategy
Long positions may be opened above 1612 with targets at 1616/1620 and stop-loss at 1607
Short positions may be opened below 1612 with targets at 1608/1604 and stop-loss at 1617

FKLI Nov month dropped 12.5 points or 0.77% to closed lower at 1609 on midday session. The FBM KLCI stabilized by midday after a weak start, mirroring the subdued sentiment across regional markets. A top concern for investors is the release of key inflation reports this week, which are expected to influence the Federal Reserve's upcoming policy decisions.

The FKLI traded lower on morning session and rebound after touched the crucial support range 1600, the latest price hovering at the significant range of resistant at 1613 to 1612, if the index break above, we could see further higher, otherwise it will continue selling momentum from this range. The immediate support and resistance levels are identified at 1608 and 1612 respectively.

(News Source: The Star)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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