FKLI
FKLI Spot Month Futures - 2 Dec 2024
Mon, 02-Dec-2024 08:26 am
by Dealing Team • Apex Futures

FKLI
Pivot
1595
Resistance
1599 / 1602 / 1607
Support
1595 / 1591 / 1587
Possible Range
1595 to 1615
Strategy
Long positions may be opened above 1599 with targets at 1602/1607 and stop-loss at 1594
Short positions may be opened below 1599 with targets at 1595/1591 and stop-loss at 1604

FKLI Dec month closed flat to end at 1595. The FBM KLCI closed lower on Friday as investors stayed on the sidelines amidst mixed trading across the region.

Overnight Dow Jones rose 188 points to closed higher at 44910. The S&P 500 and Dow Jones Industrial Average reached record closing highs in a shortened Black Friday session, driven by gains in technology stocks like Nvidia, while retail stocks took the spotlight as the holiday shopping season began.

The FKLI fail to support above 1600 and fell toward 1595 level, currently serve as the support range. If index could support at 1595 to 1594 ranges we might see buying opportunity, breaking above 1599 to 1602 could see further higher. Beware of any sentiment changes. Immediate support and resistance levels are identified at 1595 and 1599, respectively.

(News Source: The Star; CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.936314 3.966986
EUR 4.638033 4.641717
CNY 0.579004 0.579460
HKD 0.502535 0.505960
SGD 3.092229 3.113332