FKLI
FKLI Spot Month Futures - 6 Dec 2024
Fri, 06-Dec-2024 08:05 am
by Dealing Team • Apex Futures

FKLI
Pivot
1615
Resistance
1618 / 1622 / 1627
Support
1615 / 1612 / 1609
Possible Range
1610 to 1630
Strategy
Long positions may be opened above 1615 with targets at 1618/1622 and stop-loss at 1610
Short positions may be opened below 1615 with targets at 1612/1609 and stop-loss at 1620

FKLI Dec month dropped 4.5 points or 0.28% to closed lower at 1614. The FBM KLCI ended higher on Thursday, supported by gains in financial services and healthcare heavyweights.

Overnight Dow Jones dropped 248 points to closed lower at 44765. U.S. stocks declined, following a day when all three major indexes hit record closing highs, driven by comments from Federal Reserve Chair Jerome Powell.

The FKLI forms sideway consolidation as it fails to break through the resistant (also top of the range) at 1617 to 1618 area after several attempts, if break above could see higher toward next resistant. First support sees at 1614 to 1615, supported here could see buying opportunity, otherwise potentially trigger selling to the bottom of the sideway at around 1610 to 1609. Beware of any sentiment changes. Immediate support and resistance levels are identified at 1615 and 1618, respectively.

(News Source: NST; Reuters)

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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