FKLI
FKLI Spot Month Futures (PM) - 16 Dec 2024
Mon, 16-Dec-2024 02:13 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1606
Resistance
1606 / 1609 / 1612
Support
1603 / 1600 / 1598
Possible Range
1600 to 1620
Strategy
Long positions may be opened above 1606 with targets at 1609/1612 and stop-loss at 1601
Short positions may be opened below 1606 with targets at 1603/1600 and stop-loss at 1611

FKLI Dec month dropped 5 points or 0.31% to closed lower at 1604.5 on midday session. The FBM KLCI turned negative at midday, reversing earlier gains as market sentiment remained cautious, mirroring trends in regional markets.

The FKLI index remain in trading sell on rebound mode, as it faced resistant at 1611 to 1612 range.  The index broke down from a sideway consolidation range, and back below the resistant line of downward channel range at 1606 to 1605, if the price trading below the range, we might see the selling pressure to remain, if break above we might see buying momentum again. 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
HKD 0.502535 0.505960
SGD 3.092229 3.113332