FKLI
FKLI Spot Month Futures - 29 Nov 2024
Fri, 29-Nov-2024 08:25 am
by Dealing Team • Apex Futures

FKLI
Pivot
1598
Resistance
1601 / 1604 / 1607
Support
1595 / 1591 / 11587
Possible Range
1595 to 1615
Strategy
Long positions may be opened above 1598 with targets at 1601/1604 and stop-loss at 1593
Short positions may be opened below 1598 with targets at 1595/1591 and stop-loss at 1603

FKLI Nov month dropped 7 points or 0.44% to close lower at 1595. The FBM KLCI reversed earlier gains to close the morning session slightly lower on Thursday, as selling activity outpaced buying amid a lack of catalysts, particularly with US markets closed on Thursday for the Thanksgiving holiday.

The US markets were closed for the Thanksgiving holiday on Thursday night and will resume trading today. Asia-Pacific markets were poised to open lower on Friday as investors evaluated November inflation data from Tokyo, Japan, and industrial production figures from South Korea.

The FKLI fail to support above 1604 to 1605 range and remain trading within the downward channel in daily chart, trader may look for sell on rebound, We see the support at 1595 to 1594, if fail to support, the index may fell further. If supported, we might see the buying toward first resistant range at 1601 to 1602. Immediate support and resistance levels are identified at 1595 and 1601, respectively.

(News Source: The star, CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.452920 4.487673
EUR 4.698373 4.707035
CNY 0.612094 0.612693
HKD 0.572113 0.576600
SGD 3.311112 3.337265