FKLI
FKLI Spot Month Futures (PM) - 10 Dec 2024
Tue, 10-Dec-2024 02:11 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1612
Resistance
1614 / 1618 / 1622
Support
1608 / 1604 / 1600
Possible Range
1600 to 1620
Strategy
Long positions may be opened above 1614 with targets at 1618/1622 and stop-loss at 1609
Short positions may be opened below 1614 with targets at 1608/1604 and stop-loss at 1619

FKLI Dec month dropped 0.5 points or 0.03% to closed lower at 1610.5 on midday session. Malaysia's main stock index faced selling pressure in the early session, reinforcing the ongoing consolidation in the local market.

We remain our view the index trading within a downward channel in daily chart, as it faced crucial resistant at 1616 to 1617 range and forming minor downward channel at short term time frame. Trader may try on buy plan if breaking above 1612 to 1614 range. We see the crucial support at 1608 to 1607 range. Immediate support and resistance levels are identified at 1608 and 1614, respectively.

(News Source: The Star)

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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