FKLI
FKLI Spot Month Futures - 14 Nov 2024
Thu, 14-Nov-2024 08:12 am
by Dealing Team • Apex Futures

FKLI
Pivot
1611
Resistance
1615 / 1618 / 1623
Support
1607 / 1603 / 1599
Possible Range
1605 to 1625
Strategy
Long positions may be opened above 1611 with targets at 1615/1618 and stop-loss at 1606
Short positions may be opened below 1611 with targets at 1607/1603 and stop-loss at 1616

FKLI Nov month rose 1.5 points or 0.09% to close higher at 1610.5. The FBM KLCI defied the downward trend seen in most regional stock markets on Wednesday, remaining in positive territory despite a generally cautious broader market.

Overnight Dow Jones rose 47 points to close higher at 43958. A global stock index declined for the second consecutive session on Wednesday, while longer-dated U.S. Treasury yields rose in volatile trading as investors scrutinized the latest U.S. inflation data and assessed the Federal Reserve's likely path for interest rates.

Tracking mixed performance in overnight US performance, the FKLI could continue in downward channel movement however seem supported above 1606 to 1608. We might see the further technical buying if breaking above 1613 to 1615, still with limited gain. Beware of any sentiment changes. Immediate support and resistance levels are identified at 1607 and 1615, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.449296 4.484012
EUR 4.692599 4.701308
CNY 0.615732 0.616932
HKD 0.571606 0.576092
SGD 3.310067 3.336427