FKLI
FKLI Spot Month Futures - 10 Dec 2024
Tue, 10-Dec-2024 08:24 am
by Dealing Team • Apex Futures

FKLI
Pivot
1612
Resistance
1616 / 1620 / 1624
Support
1612 / 1608 / 1605
Possible Range
1610 to 1630
Strategy
Long positions may be opened above 1612 with targets at 1616/1620 and stop-loss at 1607
Short positions may be opened below 1612 with targets at 1608/1605 and stop-loss at 1617

FKLI Dec month dropped 3.0 points or 0.19% to closed lower at 1611. The FBM KLCI edged lower on Monday, mirroring regional market declines as South Korea's financial markets remained volatile due to a political crisis, while investor sentiment turned cautious ahead of global central bank meetings later this week.

Overnight Dow Jones dropped 240 points to closed lower at 44401. Wall Street's main indexes ended lower on Monday, pressured by a decline in AI leader Nvidia, which dragged down tech stocks, as investors awaited a key inflation report due later this week.

The FKLI remain trading below the resistant line of downward channel in daily chart. The index potentially trading higher if breaking the resistant range at 1614 to 1616. Otherwise, the index may face selling pressure. Immediate support and resistance levels are identified at 1612 and 1616, respectively.

(News Source: The Star; 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