FKLI
FKLI Spot Month Futures (PM) - 21 Nov 2024
Thu, 21-Nov-2024 02:19 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1592
Resistance
1598 / 1601 / 1604
Support
1592 / 1589 / 1586
Possible Range
1590 to 1610
Strategy
Long positions may be opened above 1593 with targets at 1598/1601 and stop-loss at 1588
Short positions may be opened below 1593 with targets at 1589/1586 and stop-loss at 1598

FKLI Nov month dropped 2 points 0.13% to closed lower at 1593 on midday session. Malaysia's stock benchmark lingered just below the 1,600 level on Thursday, having lost the psychological support in the prior session.

At the opening bell, the FBM KLCI edged up 1.63 points to 1,599.81, reflecting a cautious response to Wall Street's subdued performance overnight.

The FKLI fell further to 1582.52 on morning session after broke below the support at 1591 to 1592, we see some pull back from the low, if the index support above 1592 to 1595 range, we might see buying. Othe rise, it may remain to trade lower. Beware of any sentiment changes. The immediate support and resistance levels are identified at 1592 and 1598 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.455268 4.488135
EUR 4.716585 4.723137
CNY 0.616518 0.616862
HKD 0.572409 0.576643
SGD 3.318330 3.343262