FKLI
FKLI Spot Month Futures (PM) - 14 Nov 2024
Thu, 14-Nov-2024 01:33 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1607
Resistance
1609 / 1613 / 1616
Support
1607 / 1601 / 1597
Possible Range
1600 to 1620
Strategy
Long positions may be opened above 1607 with targets at 1609/1613 and stop-loss at 1602
Short positions may be opened below 1607 with targets at 1604/1601 and stop-loss at 1612

FKLI Nov month dropped 6 points 0.37% to closed lower at 1604.5 on midday session. The FBM KLCI opened with an upward gap on Thursday as the market rebounded following a weak performance in the first half of the week.

The FKLI remain trading lower and latest price hovering at the bottom part of downward channel, indicate the market remain weak. We might able to see 1600 again if fail to hold at 1604 to 1605 range. Sell on rebound remain main plan, beware of any sentiment changes. The immediate support and resistance levels are identified at 1604 and 1609 respectively.

(News Source: The Star)

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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