FKLI
FKLI Spot Month Futures (PM) - 18 Nov 2024
Mon, 18-Nov-2024 02:07 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1602
Resistance
1608 / 1614 / 1619
Support
1602 / 1598 / 1593
Possible Range
1600 to 1620
Strategy
Long positions may be opened above 1603 with targets at 1608/1614 and stop-loss at 1598
Short positions may be opened below 1603 with targets at 1598/1593 and stop-loss at 1608

FKLI Nov month rose 11.5 points 0.72% to closed higher at 1606 on midday session. The benchmark FBM KLCI gained over 10 points on Monday, buoyed by improved market sentiment across Asia ahead of Nvidia's much-anticipated earnings report.

The FKLI touched the low at 1590 and bounce higher, trading above 1600, remain the crucial psychology support level. The index likely to trading in upward bias, with buy on retracement the strategy for next session. Alternative, if breaking below 1604 to 1602, we might see the index to turn downside bias. The immediate support and resistance levels are identified at 1602 and 1608 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