FKLI
FKLI Spot Month Futures (PM) - 22 Nov 2024
Fri, 22-Nov-2024 02:31 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1590
Resistance
1593 / 1596 / 1598
Support
1587 / 1584 / 1581
Possible Range
1585 to 1605
Strategy
Long positions may be opened above 1590 with targets at 1593/1596 and stop-loss at 1585
Short positions may be opened below 1590 with targets at 1587/1584 and stop-loss at 1595

FKLI Nov month rose 3.5 points 0.22% to closed higher at 1591 on midday session. The FBM KLCI opened with a slight pullback despite Wall Street's strong performance, staying firmly below the key 1,600-point psychological level.

The FKLI remain trading within a downside bias with the price hovering at the bottom part, resisted below 1595, wee the support at 1588 to 1587, if supported could remain in long position if fail to support could turn ton selling. Beware of any sentiment changes. The immediate support and resistance levels are identified at 1587 and 1593 respectively.

(News Source: The Star)

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Market Mover
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