FKLI
FKLI Spot Month Futures (PM) - 13 Dec 2024
Fri, 13-Dec-2024 01:57 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1605
Resistance
1611 / 1615 / 1619
Support
1605 / 1603 / 1598
Possible Range
1605 to 1625
Strategy
Long positions may be opened above 1606 with targets at 1611/1615 and stop-loss at 1601
Short positions may be opened below 1606 with targets at 1603/1598 and stop-loss at 1611

FKLI Dec month rose 8 points or 0.50% to closed higher at 1608 on midday session. The FBM KLCI remained in positive territory during the early session, poised to break a five-day losing streak despite regional market declines driven by expectations of a slowdown in US interest rate cuts next year.

The index trading higher on first session, reaching the resistant line of downward channel and see some pullback, we see the crucial support at 1605 to 1606, if standing firmly above here could remain buying plan. Immediate support and resistance levels are identified at 1605 and 1611, 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
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